USDJPY set up to fall to VWAP support SHORT
USDJPY has been in a narrow range consolidation since a one week trend up from March 14-20.
The dual time RSI indicator shows the faster green RSI line under the stable slower RSI line
showing some bearish divergence. The predictive also's blue line forecasts a slow downturn.
I am taking a short forex trade on USDJPY expecting price to fall into the support of the
mean VWAP at 150.638. This is about a 0.67% move to be leveraged for a modest profit
considering the risk taken. The stop loss is 151.9 just above the higher first upper VWAP line.
The dual time RSI indicator shows the faster green RSI line under the stable slower RSI line
showing some bearish divergence. The predictive also's blue line forecasts a slow downturn.
I am taking a short forex trade on USDJPY expecting price to fall into the support of the
mean VWAP at 150.638. This is about a 0.67% move to be leveraged for a modest profit
considering the risk taken. The stop loss is 151.9 just above the higher first upper VWAP line.
Comment:
Zoom in chart
Comment:
Pair is sideways today. Holding full position.Watching for a move lower.
Comment:
Same as yesterday. Holding patiently.