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JonasBenjaminFriedrich

USD/JPY possible short swing as risk off sentiment could develop

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JonasBenjaminFriedrich  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Harmonic Patterns Wave Analysis Forex USDJPY USD jpy shortsetup
2
0
trendanalysis harmonicpatterns waveanalysis forex usdjpy usd jpy shortsetup
As long as USD/JPY stays under the 61.8% as marked on the chart in red, a risk off sentiment could develop in the markets, meaning weaker stocks and stronger safe haven currencies and commodities. This setup becomes invalidated if the pair moves over the 61.8% in which case this market would likely be range bound.
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