USDJPY: Shorts Off Of This Level Makes Sense! Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Jul 28, 2015 1:03 AM

Friends, looks good to short. For mainly technical reasons.

(There is a possible butterfly pattern in play also, with the target of said pattern completing clearly outlined on the chart.)

Best of luck
Tom

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Comments

IvanLabrie

⋅ Jul 28, 2015 1:34 AM

Same view. But I'd rather wait for the drop to go long for a couple weeks.

TomProTrader

⋅ Jul 28, 2015 1:51 AM

Yeah, agreed. I'm going to scoop the short and the pullback also :-)