peterbokma

USDJPY-SELL strategy Daily chart

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The pair has spiked and very overbought short-term. This includes all pairs relating to the JPY of course, but noting this one the most extreme.

we also are above KC and that also suggests we will correct sooner than later, is my personal view.

Strategy SELL @ 155.50-156.00 and place SL above 157.17 and take profit near 152.50.

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