USDJPY, DailyPrice has recently shifted trends from a downtrend to an uptrend, and price is now channelling to the upside, breaking highs from the previous channel. We can see price break through the EQH at 106.2; this area is marked as retailer's resistance, where most traders would have gone short for the double top. I am now expecting price to bounce off the channel's top and head to the downside.
Further Analysis:
https://a1trading.com/feb2821
- Bart
