USDJPY: New trading channel
Since Early 2014, USDJPY was trading in a range and there was plenty of easy money to do. Basically, you were selling at 103.5 and buying at around 101.5
Since January, there was a falling wedge formation and normaly it was a little bit early to break it, but because of the gossip in the market, the falling wedge break on the upside.
Therefore, we do have a new trading range before, USD goes high up above 105 when FED's increase the interest rate. The new rage appears to be buy at 102.5 and sell at 104.5-105.
Since January, there was a falling wedge formation and normaly it was a little bit early to break it, but because of the gossip in the market, the falling wedge break on the upside.
Therefore, we do have a new trading range before, USD goes high up above 105 when FED's increase the interest rate. The new rage appears to be buy at 102.5 and sell at 104.5-105.
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