Looking at a further short on USD/JPY.
Price has failed to hold above 102 and is looking like the daily close will be below 102. Although today was a UK bank holiday I still feel it indicates USD weakness agains the yen.
We could see a push towards the descending trend line, however, I will look to short if we break below Fridays close of 101.759.
Stop at 103, first TP at 100.5, second TP at 100.
Price has failed to hold above 102 and is looking like the daily close will be below 102. Although today was a UK bank holiday I still feel it indicates USD weakness agains the yen.
We could see a push towards the descending trend line, however, I will look to short if we break below Fridays close of 101.759.
Stop at 103, first TP at 100.5, second TP at 100.
