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leggfx
Apr 29, 2020 6:29 PM

Potential USDJPY short - Ichimoku and Williams %R confirmation Short

U.S. Dollar/Japanese YenFXCM

Description

Potential short on USDJPY, breaking out of the Ichimoku cloud and awaiting close with Chikou below price and Kijun & Tenkan confirmation. 75 period Williams %R below the 50 SMA, I use this on most of my algo based trades as a confirmation of the trend bias. Also dollar looking weak after 4.8% fall in GDP during first quarter.
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