FiboTradeMasters

USDJPY Fibo Positioning for Short Trade

Short
SAXO:USDJPY   U.S. Dollar / Japanese Yen
Hello all, my virgin posting here. Will be sharing more of my fibonacci swing/position trade ideas in time to come. Do give me your pointers if any on how to improve. =)

USDJPY having crossed the fibo level of 1.618, trendturn to short might be on the cards. If this decline reaches close to 108 before retracing, prepare to short at 61.8% of retracement level. Will update again on this trade soon.
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