USDJPY retraces from 122.20 Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Dec 11, 2015 7:15 AM

USDJPY has broken flat range to the downside and rebounded during Asian session back to 122.25. Retracement from 122.25 indicates sell continuation targeting 121.20 and 120.30.

Trade active

⋅ Dec 11, 2015 11:08 AM

USDJPY has confirmed further decline, watch out 121.40 intraday support for potential rebound.

Trade closed: target reached

⋅ Dec 15, 2015 12:18 PM

Trade closed due 120.30 test.

Comments

Bella29

⋅ Dec 11, 2015 7:23 AM

Hi Rauan nice chart - I will probably lose this trade but I am hoping my pivot high holds and price tests 122.46

rauan

⋅ Dec 11, 2015 10:08 AM

Hi Bella, it's doable to test up to 122.58 before going below 121.30. Good luck!