AlkalineFX

USDJPY - Next Move

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
This pair is closing in on my trend lines marked and the pressure is building up, let's see which way it breaks before considering a bias. If the pair manages to stay below the previous key level marked I will be interested in a long term sell position with a great risk to reward ratio.

According to COT data source - 46.3% short
IG Client Sentiment - 43% short
(I have found that when the bias is in one particular way it tends to go the other way haha!)


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.