USDJPY H8 - Sell Signal

USDJPY H8

We were following USDJPY last week and this was something that unfolded nicely for us after a little bit of patience, profit was taken, risk was mitigated and we pushed back to entry following a stronger dollar during the NFP event on Friday.

We are now pushing to the extreme levels of our major resistance price. Slightly south of 152 for the moment. But the whole number could be a good price to see a final attempt at shorts. Remember, we haven’t traded north of 152 for over 3 decades. 34 years!

Opened stop loss a little here compared to previous measures, could certainly be worth a final shot. Offering between 10-15R.