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TheDukeUK
Nov 12, 2016 8:34 AM

USDJPY Short  Short

U.S. Dollar/Japanese YenFXCM

Description

No Trade on this pair just yet i am waiting for a weekly close back below the Kijun and a rsi turn to confirm the move down, although im not normally a big fan of 'lagging indicators' they are very useful here as the TP at between 95-96 and waiting for confirmation on such a big move is a must for me.

We will see where the trade is towards the middle of next week by taking a look at the daily and 4hr charts then confirm at the end of the week to take a short.

Current position is no trade.
obviously we also need to take into consideration the potential rake hike in December and the current market volatility.

Cheers


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