Short USDPY Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 7, 2015 7:19 AM

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

⋅ Oct 16, 2015 4:39 AM

First Target met, reduced exposure and moved SL to 119.8

USDJPY

Comments

Realisto_FX

⋅ Oct 13, 2015 7:50 AM

UPDATE : Confirmation of bearish bias if we close below 121.75

wwfm

⋅ Oct 7, 2015 7:21 AM

how did you got that important resistance? from nothing to nothing:) sorry

Realisto_FX

⋅ Oct 7, 2015 1:29 PM

Pair is unable to break above that level after 20 daily attemps , plus a series of lower highs