APosner

USD/JPY selloff may be over

FX:USDJPY   U.S. Dollar / Japanese Yen
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7
The USD/JPY has rallied aggressively since election day, but that may be ending now. The "spinning top" of 12/2-12/6 was followed up today with some selling. Current prices are at resistance levels seen in February and March of this year. I would like to see price move below 112 before considering a short trade but the beginning of a reversal pattern today is promising.

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Comments

Makes sense..
Thank you for sharing your inputs. I wasn't considering for the price possibly going that low.. definetely a posibility!
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