Short USDPY

Good morning traders,

Several factors favour a downside move in USDJPY. Fundamentally, a delay in interest rates hike

Technically :

1. Below 50 & 200
2. A important resistance zone above 120.6
3. Descending regression
4. Bearish US Index outlook

Let´s see how it moves

Josep Pocalles

Trade active:

First Target met, reduced exposure and moved SL to 119.8