Browse Stacks: Patterns: Channels: usdjpyshort.jpg
usdjpyshort.jpg
$USDJPY is in a channel on the 15 minute chart. I believe that USDJPY isn't going any higher than the top of this channel and certainly very unlikely to go higher than 11024. I think that it is worth shorting this down to the 10825 area. Have placed a small spreadbet on this. Only £1.40 a point. If it goes down to 10825 that will bank £250 from an initial outlay of only £20 i.e. 12.5x. Almost as good as cryptocurrencies. Government health warning: Do not risk what you cannot afford to lose.
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