FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

Let's look at the usd/jpy pair, although there is nothing new to see as there are no changes in potential directions and no progress, we are essentially standing still. However, the levels of today suggest that we can expect a breakthrough towards the upper channel boundary at 160.03, and actually, if this happens, we can anticipate a new downward formation. It's better to form it from the maximum, as forming it from the current position may not be reliable.