andrew.berg
Short

USD/JPY idea of the week

FX:USDJPY   U.S. Dollar / Japanese Yen
On Daily chart pair entered into consolidation after move up on QE form BoJ.

On previous week it broke down bear flag and approached bigger support zone 101.196-.313, I am watching for potential break down of those lows, this week and i am going to SELL from resistance (breakdown area) 102.000-.150. Moving averages curling down.
Stop above 102.150,
Target 101.455 then 101.200 then 100.754
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