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JamesTeller66
Jun 13, 2014 1:52 PM

Short-term USDJPY Short Short

U.S. Dollar/Japanese YenFXCM

Description

USDJPY has been trading in a range for quite a while and with the recent failure to break 103, it looks like it will test the lower end of the range.

102.20 offers decent resistance on daily chart along with 61.8% fib level on 4HR chart. If it starts to roll over, it can target at least 101.60 i.e. recent low.

Good luck.
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