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Autochartist Forecast

USD/JPY Forms Channel in Downtrend

A lower trending USD/JPY on the 30 minute timeframe is evident throughout the Monday session. This as the Yen continues to rally against the Dollar, reflecting risk appetite in U.S. Equities.  The downtrend is strong as indicated by the high Initial Trend reading (T).  This makes the Continuation Down Channel an ideal set up to swing trade.


Daily Research Image11162009 84618 pm.png

Source : yvette@autochartist.com (Yvette le Roux)
17 November | 0 comments

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