varietyjones

USDJPY Medium to Long Term

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
This pair is in an overall downtrend. Blue lines are trend lines and yellow lines are support/resistance. Seems to be a short uptrend right now to about 109.146. A drop is expected after that. Look on the chart for suggested buy entry and stop loss. Watch carefully that price do not break out below the red rectangle, if it does then short to the blue trend line below at 103.475.

The suggestions are only that. Be a responsible trader and do not risk anything you cannot afford to loose. Follow advice at your own risk. Best of luck.

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