USDJPY Broken Flag for a SHORT

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

Greetings Traders!

We have broken through our flag pattern and are now on a small rally down.

STOP: 117.830
Target 1: 116.180

Happy Trading and Happy Holidays!

Check out my forecast video:

Comment:

Traders,

Price action has taken us back up to the resistance line at 117.500, looking at a major resistance level. Watch out for the break above this line, we should see a retest here.

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