USDJPY Short on retracement bounce Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jan 7, 2015 1:39 PM

Entering short in retracement zone at 119.50+
Above the 38.2%-50% zone (yellow) of previous swing.
Let's see if bears have some mojo here...

Stops above 119.80
TP1 118.05
TP2 115.60

countertrend retracement

Comments

fxswing

⋅ Jan 7, 2015 1:43 PM

Yesterday's USDJPY chart that put it on my list for a short on a retracement bounce