FX.co ★ Trading idea for the USD/JPY pair

The last forecast Following November 3 , the yen went down the market, in the direction of the target price level, which is 104.

In fact, the pair managed to falsely break the upper limit of its price channel, right after the overnight moves related to the preliminary results of the US elections.

Therefore, today, the next step is to continue the short positions, all according to the plan presented above.

As mentioned earlier, the target quote is 104. Cancel the transaction if the pair breaks out of 105.3.

This technique uses Price Action and Stop Hunting methods.

Good luck!