Usdjpy Analysis

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Usdjpy Analysis

We are at the top of a long term bearish channel.

Always following market structure we can see we have higher lows and lower lows happening.

Until we make a higher high I will continue to follow market structure.

With this in mind I am on the look out for optimal entry for a long term low risk high reward swing trade.

This set up could take the week before we see it form and move and could see a push towards the 110.500 level before we drop but if you can get the right entry there is massive gains to be made here.

keep a close eye and remember key entry and price action will be needed to keep SL very small. Once we are in we can build on to our entry's further down with less risk.

Let me know how you get on.

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