RicardoZuniga

Back to bears on USDJPY?

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
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3
USDJPY is showing exhausting at current levels of key resistance. A break in lower trendline might trigger a continuation of its bearish stronger trend that could extend around 103.00-102.00 levels. Looking for confirmation to enter shorts positions. In case it makes a new high and a candle closes above 106.25 levels this idea would no longer be valid.

Comments

Um, touches above 106.25.... still eager to see if it will close above this level!
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