USDJPY upside reversal
USDJPY has bounced off the support 105 and is extending higher inside the uptrend channel. A break above 105.70 is opening the continuation to 107. Now only a break below 105 will lead to an upside extension invalidation and a downside reversal. As long as the USDJPY is above 105 the uptrend reversal is valid and you should target 107.
Note – We are inclined to long trade entries with the stop loss below 105.50
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Copy our trades!
