USDJPY: Prices Stall at Major Channel Top
USDJPY positioning is little changed from what we identified last week, with prices stalling below major resistance at the upper boundary of a falling channel established from the high in April 2009. We will remain on the sidelines for now, watching how positioning evolves from here.
To discuss these strategies with other traders, please visit the Candlestick Forum
To receive future articles by email, please contact Ilya at email@example.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.