The following is the hourly chart of USDJPY as of FEB 16th., around 1 AM. There is around 5 Min. more to complete the hourly candlestick. If you observe the chart it looks like the channel is breaking in the downward direction. After the completion of this hour if the candlestick is still a strong candlestick it’s a good opportunity to enter a short trade. What do you guys say? Check the following picture.
usdjpy looks like channel is breaking
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