peterboss
Short

Waiting on the fall JPY

FX:USDJPY   U.S. Dollar/Japanese Yen
IF price action confirms ema 13 crossover I would short for the first target at 116. Ill be watching closely for price action confirmation. RSI divergence on double top could indicate a heavy fall.
On the fundamental side, news that could enable this kind of move could be coming out on January 14/15 with core machinary orders and tertiary industry activity numbers coming out.
116 first target after short aquired today.
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