FX:USDJPY   U.S. Dollar / Japanese Yen
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1
REASONS TO SELL:
-LET'S KEEP IT SIMPLE
-THE APRIL LOW IS WHAT WE WANT TO SEE BREAK WITH FORCE! 101.30 AREA.
-PRICE ALREADY PENETRATE THIS REGION ON 21ST MAY. WITH NO FOLLOW THROUGH.
-THE LOW OF 21ST MAY FAILED TO MAKE A NEW HIGH.
-WE HAVE NOW TESTED THE MINI STRUCTURE AROUND 101.73
- FURTHER DECLINE BELOW THE 101.43-40 IS KEY FOR US TO SEE MORE DOWNSIDE MOVEMENT IN THE PAIR.
-WE TARGET 100.74 WEEKLY STP FIRST BEFORE FURTHER DECLINE.
NB: FUNDAMENTALS IS IN FAVOUR OF THIS MOVE TOO.
SL: 101.90 1ST TARGET : 100.74

Comments

Quick update.. We have the seen the 101.43 area been tested.
Below the low of 101.30 we can add to this shorts.
Please note: Today is friday take profits. Happy Trading
Reply
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