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MMQ_FX

USDJPY - Swing short

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
MMQ_FX  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Supply and Demand USDJPY DJ FXCM Index japaneseyen psychologicallevel
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supportandresistance supplyanddemand usdjpy usdollar japaneseyen psychologicallevel
USDJPY appearing to come to a halt at the 107.000 psychological level/reversal zone.

Price appears to be breaking the recent uptrend and I believe we will see a further decline down to the July low at around the 104.100 area.

The price action on the Daily timeframe also shows significant indication of a reversal (yesterdays spinning top closure)
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