youngtiller

Trend Break and Retest

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Looking like UJ has broken the trend and is heading to the downside. Might not make it all the way back down to 108.26. Watch for a reversal back up when it gets around that level. I will be taking profit at 108.8. I feel like the banks will see a lot of take profits at the 108.26 area and just barely miss them. Already a great risk to reward so no need to be too greedy
Comment: Also pay attention to movement off the 200 moving average when it gets there

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