USDJPY Tests Channel Support After ADP Shock — Rebound Ahead?

Wait 5 sec.

USDJPY Tests Channel Support After ADP Shock — Rebound Ahead?US Dollar/Japanese YenFX:USDJPYpejman_zwinIn the last hour's candle after the ADP Non-Farm Employment Change Index was released, USDJPY(USDJPY) started to fall, but considering the position of this pair, I think we can have a good Risk-To-Reward even if the Stop Loss (SL) is touched. USDJPY is trading near the lower line of the ascending channel and the Support zone(143.870 JPY-143.430 JPY). From an Elliott Wave perspective, USDJPY appears to be completing a corrective pattern. I expect USDJPY to rise at least to the Potential Reversal Zone(PRZ). Note: Stop Loss = 143.220 JPY Please respect each other's ideas and express them politely if you agree or disagree. U.S. Dollar/Japanese Yen Analyze (USDJPY), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.