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dnsmith

Time to short the Yen

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
dnsmith  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
Multiple indicators giving us the signal a Yen short move is on the way,

- Key resistance levels being reached
- Overbought on the daily

Be aware on the 1 hourly time frame, we are still within a channel, the channel will need to be broken to provide a signal to enter

Definitely a key one to watch, profit targets indicated above.
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