USDJPY has come to a very sensitive price level. Here am looking to go short. Targets 113 zone. Use proper risk management
Shorting USDJPY . First T/P 111.910 - cover your profit.
Here we are on Dollar/Yen daily chart and as we can see market has printed bearish pin bar on last daily session close (27th March) at (new) resistance 105.56, we have this market in obvious down trend. We have good confluence factors here which are supporting our trade scenario here such as down trend, bearish pin bar, dynamic resistance layers (rejecting on pin...
All there. JXY strength, dollar weakness. Gold up to new record highs, pushing the Yen down.
If Fed rate hike will cost consumers $1.6 billion in credit card interest - you all know what that means- right? in one word = SHORT!
Things may have start to be in good shape for UJ as china sought every means to recover.... by lowering Bank interest etc Watch out for all the indicators & if market condition remain positive in UJ world - ? UJ may soon kisses the following TPs : 120.133, 121.370, 122.562, 123.437, 124.402 and beyond :) but might consolidate down to 123+ & then up...