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AlkalineFX
Sep 7, 2020 6:08 AM

USDJPY - Next Move Short

U.S. Dollar/Japanese YenFXCM

Description

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!)

Comments
CFDStephenwood
Good job
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