USDJPY Short

Expecting USDJPY to break into a sell again, charting is similar to my most recent posting. Within in the last week UJ completed the previous support cycle down to price 132.000 and slowly drove back up to resistance areas. I am expecting the downward cycle to begin again as the dollar continues to lose steam without too many bullish gains. MA convergence indicators are showing strong signs of downward movement as well.

Sell Entry: 133.700
Targets: 133.460 | 133.200 | 133.000 | 132.750 | 132.500 | 132.200
Support: 132.000

Be sure to like, follow, and let me know what you think in the comments below.

Comentário:

Stop Loss above price 134.500

Trade fechado: stop atingido:

Stop loss reached for now.