OraclePips

USDJPY BIAS: SELL: Bulls At The Point Of Struggling

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Description: First, use a proper stop loss to avoid big losses, as this is inevitable in the forex business. Second, the bulls are at the point of struggling because the momentum is not on their side anymore; and the bears seem to override the market soon. The tug-of-war between the bulls and bears is at the key resistance zone of the market. Note: if you sell it, just aim for 30-40pips, as this market is just starting in a new direction. Just exit from 139.95 for the take profit.

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