piphunters
Short

USDJPY: Sell breakout

FX:USDJPY   U.S. Dollar / Japanese Yen
530 0 18
The pair is in smaller degree correction and breaking to the downside right now, this can be a good opportunity to go short and wait until larger degree downside resumes, however if there is not enough volatility the correction can extend until Asia opens without giving any significant break now.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
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