IkanBilisCapital

Clear downside for USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The dollar yen has confirmed the down move giving a us a bearish candle on the weekly chart. We think this week should end up red too before we enter a consolidation in November as the market awaits the next news trigger to form a direction.

BEAR CASE
We wait for a correction and enter a short. Our exit is near the top of the channel at 112.5