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lukerainbow96

USDJPY

Short
U.S. Dollar / Japanese Yen (FOREXCOM:USDJPY)  
lukerainbow96  
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis
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trendanalysis
EXPECTING A RETRACEMENT FOLLOWING FRIDAYS NFP.

THE RESISTANCE LEVEL HAS TESTED MULTIPLE TIMES AND EACH TIME PRICE HAS BEEN HELD DOWN.

AS YOU CAN SEE PRICE IS IN A WEEKLY DOWNTREND, I AM EXPECTING IT TO CONTINUE AND FIND SUPPORT AT THE 200 SMA AREA.

STOP LOSS IS TIGHT

RISK REWARD RATIO IS 6:1
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