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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