piggyfx

Blue Mind FX - USDJPY Update

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
On 9th January I posted a trade idea for USDJPY Short, unfortunately I had a lot of my charts scrubbed due to advertising a free telegram chat. Looking at UJ today I can see the trade would be 185 pips in profit.

A break of this important support and a retest (to confirm resistance) would see a continuation downwards and a retest of the 145.600 area support.

I would be looking to confirm the support turned resistance and take a short trade down to the next level of support.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.