Although Yen has broken the 1H ascending channel down, the short term support level at 113.65 is still in tact - but looks very heavy here with lots of lower highs - but this all means nothing before the CPI figures come out.
I'll wait for the US CPI news in a few hours for a longer term long position either from the prior high support at 113.00 (which i really like because it hasnt been tested yet) or if the news is positive, long on the hold of the 1h ascending channel.
I'll wait for the US CPI news in a few hours for a longer term long position either from the prior high support at 113.00 (which i really like because it hasnt been tested yet) or if the news is positive, long on the hold of the 1h ascending channel.