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DollarYenQueen
Mar 6, 2023 3:50 AM

USDJPY Short Short

U.S. Dollar/Japanese YenFXCM

Description

USDJPY hasn't shown much directional outbreak since the start of the year outside of the rare news release spike. Not necessarily a trader's market.
For now the price seems to be trending downward based on the hourly chart. Moving average shows a downward dominance and the DXY is showing signs of weakness which supports a short UJ.

Sell Entry: 135.700
Targets: 135.400 | 135.250 | 135.070 | 134.840 | 134.600 | 134.340
Support: 134.100

Be sure to like this post and let me know what you think in the comments below.

Trade closed: target reached

Comments
rk2848689
perfect
JoeChampion
I agree on short term USD weakness, thanks!
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