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BACapitalManagement
Aug 4, 2017 1:30 AM

More drop ahead for USDJPY? Short

U.S. Dollar/Japanese YenFXCM

Description

Monthly candle analysis suggests that USDJPY could stay below the 5 EMA.

Therefore, I'll be looking for bearish signals on the daily time frame for this pair.

If a signal is generated, then I'll look to make entry on the 15 minute chart during London.

I plan on booking profits at 50 pips and generating stops at 10 pips for every entry.
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