DanV
Short

USDJPY - Longer term Potential Bearish

FX:USDJPY   U.S. Dollar/Japanese Yen
1836 2 3
Many folks have been trying to short this pair with out real success as it has continued higher without much of follow trough to the downside.

However it now looks like we are in final stage of this cycle move ans could form top soon in the area of 104-105 area. This could offer real shorting opportunity as potential trend reversal with at least 50% retracement of the move up or even lower.
trends2trade
2 years ago
Hi, Your USDJPY analysis looks interesting but at what point you will invalidate this?
+1 Reply
marek.krajecki
2 years ago
Shorts might look interesting, will also watch usd Index for falling signs to confirm UJ shorts, thanks :)
Reply
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