DCM_Markets

USDJPY Short bias into the new year

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Holding a short bias going into the new year, with downtrend continuation. I'd expect low volatility and movement into the Christmas period, creating the perfect time for consolidation and pattern creation around the 143.00 round number key level. Looking for entry into continuation early on in January.

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.