TradingView
ColmoreFX
Sep 5, 2017 10:44 AM

USDJPY SHORT TRADE  Short

U.S. Dollar/Japanese YenFXCM

Description

Currently short USDJPY as the risk off scenario looks to continue with geo-political tensions growing between the US and North Korea we are seeing safe haven currencies and commodities appreciating.
Watching the 1HR charts we can see that price has respected the dynamic resistance of the 20EMA and created a C2 close off a 61.8 Fibonacci retracement.
More