Consolidation Range and potential Fakeout on USD JPY

Short

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

Trend Analysis

trendanalysis

USDJPY
Despite the recent pullback after the sharp downside displacement following the US job data last Friday, a new downside impulse on USD JPY might be in the making. Let's stay alert as a new Fakeout above the consolidation range might be the first stage of that coming move.

Trade closed manually:

USD JPY back to the upside but with a weak power. Not really attractive to trade

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