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MMQ_FX

USDJPY - Nearing the reversal zone

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
MMQ_FX  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis USDJPY 200ema-rejection short DJ FXCM Index japaneseyen
2
0
trendanalysis usdjpy 200ema-rejection short usdollar japaneseyen
Expecting further downside on USDJPY - anticipating a reversal from the zone highlighted.

We may see a push up to meet the descending trendline/a rejection from the 200 EMA first - I will be monitoring this closely over the NY session.

A nice 200 pip drop to the July low could be achieved if this plays out to my expectations!
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