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UmarAbdurRehman

USDJPY intraday Short setup

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
UmarAbdurRehman Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY usdjpyshort usdjpyanalysis usdjpydaily usdjpysell usdjpy1hr usdjpyforecast usdjpyidea
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trendanalysis chartpattern indicator usdjpy usdjpyshort usdjpyanalysis usdjpydaily usdjpysell usdjpy1hr usdjpyforecast usdjpyidea
USDJPY been a nice mover from past few sessions, price action is struggling at the moment, momentum is weakening across short term time frames as well, so i am looking for short setups here, not expecting much pips but still there is scope for 30-40 pips.

Trade Safe!
Thanks for your support.
Trade active:
snapshot
Watch the top for a reversal-since we have FOMC in 15m, trade safe! target looking 113.68
Comment:
Quite often at the time events like FOMC we see whipsaws, so it is possible that market spikes up first and then start reversing, so in that case i will be putting my stops at the high of the spike, or 114.20 if my idea doesn't play out.
Trade closed: target reached:
snapshot
What a lovely trade!
Trade closed: target reached:
snapshot
Trade Banked, though still i see it got potential for more downside, but anyway thanks for your support.

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