USDJPY is trading inside a short term Channel Up.
Every recent rise has ranged from +1.40% to +1.96%.
The 4hour RSI is on 77.60 (Resistance A), the highest it has been since August 16th.
All the above justify to start a selling sequence as long as the price doesn't cross over the Channel Up. Target the 4hour MA100 at 148.750.
You can start shorting and target the 1day MA50 at 106.000.
Previous chart:
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Every recent rise has ranged from +1.40% to +1.96%.
The 4hour RSI is on 77.60 (Resistance A), the highest it has been since August 16th.
All the above justify to start a selling sequence as long as the price doesn't cross over the Channel Up. Target the 4hour MA100 at 148.750.
You can start shorting and target the 1day MA50 at 106.000.
Previous chart:
Follow us, like the idea and leave a comment below!!
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