GBPCHF short explained!
Great. I think looking at this post will develop my trading knowledge.
Do you think USDJPY could go on fire in that support again?
I would wait for UJ to be at the support or resistance ( again ) to check how price is going to behave. It is now in the middle of range, which makes it a bit trickier to say for me.
The price has gone up but there is a resistance trend line above. I think the market may show some bearish pressure on Monday.
I am long in USD though, but USDJPY is not one that is clear for me. It does show bearish pressure at that resistance channel, however this might just be a fake move to induces traders to go short.