TheBanker
Short

Bearish White Swan $JPY

FX_IDC:USDJPY   US DOLLAR / YEN
Morning traders,

OPEC's "agreement" caused a lot of noise in markets yesterday, including testing our limits on the usdjpy             shorts to 114.70 close to SL.

Previous usdjpy             longs hit the 114.70 target, as for the covering shorts we leave running for targets as they are now backed up with this bearish white swan pattern on the daily.

Wishing all the best to you guys in the month of December, it is festive period so lets make some extra pips.

GL and please remember to like and comment.

(previous usdjpy             ideas mentioned in the description are attached)
@TheBanker ... Mate any thoughts or advice on UJ? Holding mass loads on shorts. Still looking at 109ish to bail ;o( Praying actually before my account gets cleared. Cheers
Reply
I dont know who introduced the pattern white swan
Reply
TheBanker MarkSterensohn
@MarkSterensohn, they should be shot
Reply
great
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Fundamentally though - US yields, rate differential, fiscal stimulus, JPY outflows, offshore dollar debt - all support USDJPY going much higher
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@TanayUK, what are you reading?
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TanayUK PRO Shelby504
@Shelby504, what do you mean?
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Agreed!!
+1 Reply
TheBanker mrforex89
@mrforex89, thanks :)
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