USDJPY has formed a bearish channel over the last month or so and is nearing it's channel resistance yet again presenting the possibility to enter a good short trade on the pair.
I'll be watching the behavior around the intersection of the channel resistance and intrachannel support. If it's favorable to a short entry I'll likely target just below the 111 area.
I'll be watching the behavior around the intersection of the channel resistance and intrachannel support. If it's favorable to a short entry I'll likely target just below the 111 area.
