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ColmoreFX

USDJPY SHORT TRADE

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ColmoreFX  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY short Forex currencytrading riskoff SAFE safehaven 618 Fibonacci Retracement
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trendanalysis chartpattern indicator usdjpy short forex currencytrading riskoff safe safehaven 618fibonacciretracement
Currently short USDJPY as the risk off scenario looks to continue with geo-political tensions growing between the US and North Korea we are seeing safe haven currencies and commodities appreciating.
Watching the 1HR charts we can see that price has respected the dynamic resistance of the 20EMA and created a C2 close off a 61.8 Fibonacci retracement.
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