dbt1033
Short

UJ Short Bearish Continuation

FX:USDJPY   U.S. Dollar/Japanese Yen
UJ closed outside of the trendline on the hourly chart after failing to break 200 EMA/SMA average (GODMA). MACD cross downward. The short term uptrend was not enough to turn the daily charts bullish .

DXY             is due for a correction after it's current bull run.

Once this squeeze is released, we could see as low as 106-107 for this pair.

TP: 111

High risk/ High reward.
Tight SL recommended.

Good luck!
Backer
9 months ago
I'm on this trade.. hope it drops from here :) thanks for this nice analysis!
Reply
dbt1033 PRO Backer
9 months ago
Cool! May the pips be with us lol
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mabforbes
9 months ago
Great stuff!!! I'm on gj and uj. Both move very similar. I would recommend looking at dxy when trading those pairs. Much success.
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