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Short

DOLLAR YEN SHORT TERM IDEA..

FX:USDJPY   U.S. Dollar/Japanese Yen
197 0 2
USDJPY             BEGAN THE WEEK WITH A PUSH UP TOWARDS THE 117.86 AREA, WE SAW A QUICK PULLBACk IN THE PAIR MAKING
A LOW OF 117.52, THE SECOND ATTEMPT TO REGAIN THE 80-86 LEVEL WAS REJECTED FAILING TO MAKE A NEW HIGH.
A BREAK BELOW 117.52-50 AREA WILL SIGNIFY A SLIDE IN THE PAIR, ALSO THE 117.86 EARLIER WILL SUGGEST A RE-TEST
OF THE 15TH JANUARY STRUCTURE.
WE WILL SHORT AT 117.52 WITH A STOP PLACED ABOVE 117.95
OUR INITIAL TARGET FOR THIS TRADE IS 116.06 AREA.
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