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DollarYenQueen
May 31, 2023 2:48 AM

USDJPY Sell Short

U.S. Dollar/Japanese YenFXCM

Description

Expecting UJ to go into sell once price breaks 139.500 based on MA indicators. A weakening DXY also supports the idea. If price breaks below 138.250 there is potential for a further sell onto 137.500-400 price area. Resistance/Stop loss is around price 140.000.

Sell Entry: 139.500
Targets: 139.300 | 139.185 | 139.000 | 138.840 | 138.700 | 138.500 | 138.370
Support: 138.250
Resistance/Stop Loss: 139.950

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Trade active

Entry opened.

Comment

Targets down to 139.000 met.
Comments
Mafeer
Please share your view on gbpjpy and chfjpy
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