#USDJPY Short Idea Short

FX:USDJPY60

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jul 25, 2015 11:13 AM

#USDJPY Short Idea

1. abcd pattern
2. retest of structure
3. Fibonacci extension and cluster

Comments

GaliX

⋅ Jul 25, 2015 1:29 PM

It all depends on the US GDP next week. If they are better then expected we will see DXY rally for several new highs again.

Since not just a 25BP rate hike will be possible for this year but even 50BP are possible...

I guess we will consolidate and then take a direction with the US data. Just wait and follow the trend if you want to be safe.