FTE1995

USDJPY: SHORT - Approaching channel trend-line resistance

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
TECHNICAL:

1.
- Price is approaching the upper trend-line of a descending channel

2.
- This level coincides with the 78.6 fib retracement of the bearish move from 05/03/2018 - 23/03/2018

3.
-This level has also acted as strong resistance/support in the past

FUNDAMENTALS:

- A lot of geopolitical tensions at the moment are
proving very negative for USD including:
- The North Korea tensions
- Tarriffs

Appreciate any thoughts/comments,
Thanks for reading,

James
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