TradeIndicators
Short

USDJPY - $100 Next Stop? SCARY Realistic

FX:USDJPY   U.S. Dollar / Japanese Yen
Hope this idea helps!
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USDJPY has been in a confirmed downtrend for the last few days. We are not expecting this to slow down anytime soon. We are expecting to see USDJPY to continue to fall with a possible bounce at the $100 support level . A simple chart, but it get's the point across. We are currently short on USDJPY and will not place long bets until we see a trend reversal. There is just to much downward momentum to try to predict when a bull move will take place.

Indicators Used in this Idea:
Auto Support with Resistance Lines

Enjoy life, enjoy trading!
Travis

Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Trade Indicators are not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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