ChadBilon
Short

Bearish USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
7 months ago
When the stars align all one can do is act and let the invisible hand take the wheel. Looking at the Daily time-frame its almost a perfect setup.

Validation:
1. Retest former support zone
2. Retrace off MA-50 & Fib zones
3. Stochastic Bearish Cross
4. If RSI Push back below 50-line that would give this set up more validation.

Event Risk:
07:30 USD Core Durable Goods Orders (MoM) (Mar) -0.2% 0.5% -1.3% =sell
07:30 USD Durable Goods Orders (MoM) (Mar) 0.8% 1.8% -3.1% =miss
55 min USD Markit Composite PMI 51.3
55 min USD Services PMI (Apr) 52.3 51.3
09:00 USD CB             Consumer Confidence (Apr) 96.0 96.2

Other analysis
snapshot
7 months ago
Comment:
snapshot
7 months ago
Comment:
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