stephenleachman
Short

Risk off trade setup USD/JPY

FX:USDJPY   U.S. Dollar / Japanese Yen
127 1 6
USD/JPY             Risk off trade. The Yen opened stronger against the dollar as we see a risk off move
in the market. This move fueled by the OPEC meeting ending in a no decision to freeze production
has the market seeking safe haven assets. Gold             , silver             and the Yen are up while the global indexes
are in negative territory.

I will be waiting for price to fill the Gap and will be looking to enter around 108.60 with a stop above fridays highs. First target will be back to the lows and second target will be to the yearly lows.
Risk off?
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