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

The same is shown to us by usd/jpy, the price made the expected breakout to the upper channel boundary yesterday and, unexpectedly, even higher. Reviewing the higher timeframes yesterday, I didn't quite understand why I thought 161.00 would be sufficient for a reversal when it's actually 162.00, but the price highlighted that itself. Today we have a downside without a mandatory zone and with the opening of the day at the lower channel boundary, which indicates a possible reversal again :). However, I also believe that on Friday we may continue to grow, and the level of 162.18 looks very good on today's balance, from where we could sharply drop today. But this is no longer up to us. In general, I expect a move up like this and preferably back down immediately. I won't be upset if we don't grow but fall down today, but it's better to aim for 162.00.