Tradeplicity

USD/JPY Freefall?

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FX:USDJPY   Dólar Americano/Iene Japonês
0
We hit both of our targets to the pip as anticipated on the USDJPY pair. Our bearish view of the S&P has also come to fruition. The USDJPY is sitting on a major support that if broken could lead to a nice drop to 110 area. If you have limited capital to play the S&P, the USDJPY has been well correlated to the recent price action of the indices. We will be building our position on rallies for further weakness in this pair. Good luck

nvestUcapital
-Don't fight the markets, Just react
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