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BULLISH USDJPY 4 Hour: Price bounced off channel low

USA-dollar/Japansk yen (FX:USDJPY)  
orvilleawright  
FX:USDJPY   USA-dollar/Japansk yen
USDJPY 4hour orville wright Ascending Channel support Support and Resistance consolidation price-action structure-trade
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usdjpy 4hour orville wright ascendingchannel support supportandresistance consolidation price-action structure-trade
Nov 16 2015: BULLISH USDJPY 4 Hour: Price bounced off channel low
(Analysis Based on 4 Hour chart)

Observations
1. Price has broken out of the narrow trading range
2. Price broke above 4 hour SR zone
3. short term bullish channel
4. Price bounced off channel low

NOTE: Wait for price action to confirm the importance of these levels.

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