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ItsChrisVandy
Jul 17, 2017 12:27 AM

Potential USD/JPY - Short 

USD/JPYOANDA

Description

Due to recent Dollar weakness, we could see the Dollar/Yen potentially pull back to key levels/fibonacci retracement levels before resuming it's bullish trend
USDJPY recently created a new high on the Daily Timeframe, I believe price will retrace to create a higher low before attempting to create a new higher high

4 Hour Chart shows a Head&Shoulders formation with 2 potential targets to hit

Have in mind that price is at a Daily Fibonnaci level (38.2%) and may break the 113.000 resistance level and resume its bullish trend
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