USDJPY Sell Set Up - Trend Continuation Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ May 22, 2016 7:44 PM

Downside trend line held on a 3rd test and established confluence with the 76.40% fib level - Friday's candle suggests buyers are exhausted at current pricing and downside potential has increased.

Re-test of the 50% fib price zone likely.