FX:USDJPY   U.S. Dollar / Japanese Yen
In the past two weeks I shared my view on USDJPY favoring the move to the down side. Although we saw price moving higher it struggles to move pass the 111.00 region. Based of strong fundamentals last week I will warn traders to be careful about shorting UJ at the point seeing the week is still young. The areas am looking at to take a sell is at 111.00 - 111.50 I will only commit to a trade at those levels only if I see price having difficulty breaking those area. Keep in mind that the market could go in any direction so stick to proper risk management. happy trading everyone

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