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Stuxnetworm
Oct 13, 2019 7:02 PM

usdjpy is in resistance area Short

U.S. Dollar/Japanese YenFXCM

Description

usdjpy is in resistance area good time to sell
Comments
RiskfreeFx
Bare in mind price momentum increase on the daily as it approached that area. Shorting this pair is not recommended as we are still bullish in the daily. I suggest we wait for a breakout and retest to occor before going long. Alternatively, if the market shows any sign of sellers pushing prices down at that resistance, we would like to get a 123 lower highs and lows confirmation to the downside in the 4H before going short or wait for a break and retest of previous support before confirming the downtrend continuation. My basis on this pair is long. Goodluck mate
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