USDJPY short, resistance and fib confluence

9 de jul. de 2015

Japanese yen gains strength in times of uncertainty like the current situation in Greece and although I never like going against the dollar I wouldn't be surprised if we see a slight sell off. The tehnicals show a resistance level struck which is also around the 382 fib level a harmonic move would place us right at a major support level as well. Since I never like betting against the dollar in the long term I'm looking to take some quick profits and move my stop loss to breakeven as fast as possible.