Deensesay

USDJPY Counter-Trend Shorting Opportunity

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Morning Traders

Firstly this week lets check out USDJPY!

The Market is currently in an uptrend crossing the 50EMA heading towards a weekly structure esistance zone that has been tested multiple times in the past. This week I'll be looking for possible counter-trend opportunities to the downside. I'll be keeping an eye on the 4HR Chart for Entries & Exits.

Market Resistance Zone (111.587-112.579)