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May 7, 2020 3:45 AM

USDJPY update Short

USD/JPYOANDA

Description

See attached idea.

UJ is still making progress to the downside. We had a retrace but price still seems to want to drop; if the DXY drops it will likely give this pair fuel to the downside. We will see with time. Always remember to fiercely protect your capital by practicing safe and logical risk management. Comment if you have any constructive words - Thanks
Comments
nhdegen
This is looking choppy
Manifestation
@rtpFX, The DXY had a lot of Bullish pressure last night that faked people into thinking that the Dollar would keep rising. Broke above, false-break and dropped. You can see that USDJPY did the same thing, we could be coming out of the chop now but we shall see. Thanks for commenting
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