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Daily Forex Chart Art - Dec. 15, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/JPY: 1-hour Here’s one for the bajillion traders watching the dollar! USD/JPY is currently testing (and possibly breaking above) a mid-channel level on the 1-hour chart. Stochastic is currently on the bears’ side but the 171.75 area is probably the more closely-watched resistance level. For starters, it’s a channel resistance that’s near the 100 SMA levels. Shorting around the levels could be a good trade idea especially if you place your stops above the 100 and 200 SMA lines. Just make

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