TradingView
tradingalone
Feb 15, 2016 1:18 AM

SHORT USD/JPY ON A REBOUND TO Consolidation zone Short

U.S. Dollar/Japanese YenFXCM

Description

Monthly ranging and hit into strong support.

Weekly and daily are in downtrends.

The closest daily level is at 114.62 at the previous consolidation zone and the 1H 200EMA is not far behind.

Look to short at those regions. Tier 2 shorts because consolidation patterns are strong..
More