DacresFx
Short

USDJPY - SHORT

FX:USDJPY   U.S. Dollar/Japanese Yen
206 2 6
1. Strong support and resistance zone.
2. 100 MA Above price.
3. Overall downtrend
agree
Reply
Good spot yet again. It broke lower at 120.90-.60 which was a string resistance area in September. Market went higher end of October and now broke down below this level again. 28th up to 31st was retracement and we could now see further downward pressure as soon as 4th of January if earlier mentioned resistance holds.
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