FX:USDJPY   U.S. Dollar / Japanese Yen
Have been calling UJ Shorts for some weeks now as price looked to be struggling to move up any higher

I'm expecting UJ to reach 112.350/400 area

Elliot wave has confirmed this downtrend, and with DXY also heading down this has made my analysis more clear
Will be looking for flag formations, before entering this trade

#JugFX
Trade closed: target reached: I did say I expected UJ to reach my target area of 112.350/400 area, we have smashed through that target
- I've already taken profits in the week, but was watching price closely to see where it was heading next
I have shorted it as well.
At first I did not believed in any more significant move down, thus I just took some pips and now I am out.

Good Luck.
Analysis looks reasonable.
Reply
jordanmac winnie144
@winnie144, yes, i held onto this trade this last week, but was in some draw-down for a while
closed my positions about 60 pips up, but will be looking for a better entry

appreciate it bro, good luck aswell. Let's catch those pips
Reply
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