yung_alchemist
Short

USDJPY - Technical Short Scenario

FX:USDJPY   U.S. Dollar / Japanese Yen
425 3 5
This pair has been putting in some bearish technical signals over the past week or two. One of which would be the rejection of the key resistance level 120.580 which has held firm on many occasions.

We also have the MA's crossed for the first time since may as well as fib retracements from the 61.8% zone and the 50% zone

I will need to see more confirmation from this pair before an entry but a possible risk to reward can been seen on the chart.
Currently on the side lines due to the current market conditions. While this pair has been choppy, other opportunities have presented themselves.
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Evening Yung_Alchemist......hope you are well?.....are you still tracking this pair for the same trade?.....
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Got the same on this one, good work.
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