isomorph
Short

UJ SHORT FROM 113.95 ~ 114.30

FX_IDC:USDJPY   US DOLLAR / YEN
38 0 2
Although studies are in the zones where short moves usually start, UJ remains a conundrum at the moment. GJ already started it's rampage downhill but UJ and EJ             stubbornly cling to recent highs. So, will it drop?

Based on the technical picture at hand, especially PA, and regardless of the fact that studies are showing signs to start looking for a short position entry level, this is not yet the time to go short on UJ. It looks like price wants to test rsst at 104.12 and possibly higher at 104.30 where WPR1 is with a spike.

If so, I recommend to go short from those levels. Or if short from here (103.95), then have a wide SL and add to the position as price gets closer to the aforementioned rsst levels.

Good luck.
Comment: TP not reached and closed out earlier for a puny profit.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out