USDJPY Chase Continues to the Downside
The USDJPY is wiggling like an attacking snake around 150.00. The pair has signaled a possible breakthrough last week and failed to do so. The Yen has strengthened to below 150.00, and is now flagging a downside towards 145.00 against the Dollar.
Markets have become more unpredictable recently. The uncertainty is high to detect a beginning of mid-term moments. I don’t want to miss out a good opportunity too. With the USDJPY it is a downside impulse below 150.00 and a breakthrough of the middle of the ascending channel. I plan to open short trades from 149.00-150.00 with a target at 145.00, which is the support of the channel. The stop-loss will be hidden above the recent high at 152.70.
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