jamison_fx

USD/JPY - SIDEWAYS MOVING INTRA-DAY TRADE ?!!

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Start of the week I've been keeping a close eye on USD/JPY for a short trade back down to 106.800. Am expecting a quick push up possibly all the way to the resistance highlighted at 108.000 before sliding back down to 106.800. Overall hoping to see some more weakness with the US dollar to back the rest of my trades. Don't expect this move to happen very soon as this pair has been moving sideways for some time now. Remember be patient and let the trade come to you and risk wisely.

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