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savvyacademy

USDJPY Daily Short Setup

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
savvyacademy Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Trend Analysis USDJPY usdjpyshort
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chartpattern trendanalysis usdjpy usdjpyshort
Based on Daily chart, USDJPY is currently hovering around 38.2% of a downtrend retracement.
Yesterday's long-legged spinning top pattern with the rising wedge pattern added to the bearish opinion.

Strategy to short USDJPY with stops near 138.7 for at least 1:1 risk-reward ratio.
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