unique4x
Short

Don't Chase USDJPY, Look To Renter Short At Better Prices

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             breached the 110.000 level but no follow through as of yet and the bounce from 109.950 is seen consolidating the fall from 113.800 high last week. A bounce to the 112.000 to 112.500 level can not be ruled out and if seen should be taken as an opportunity to short this pair. Support can be found around 109.700 but if breached before we see a rebound to 112.000 - 112.500 we may want to jump on the momentum . Although we prefer not too chase sellers may very well step in if the latter was to take place.

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