Short on USDJPY
With the upcoming JPY news on Current Account N.S.A, I'm expecting Yen to be positive to help with USDJPY price action to retrace a little up then proceed on going down further meaning the there is a high possibility that there will be a good news for Yen tomorrow.
Also additional confluence is the multiple rejection on the 111 level on both weekly and daily timeframe. There is also room for more downside before reaching possible support and trendline.
Placing two orders on this trade and will be moving SL once first target hits to minimize risk and have more possibility of maximizing profits.
Also additional confluence is the multiple rejection on the 111 level on both weekly and daily timeframe. There is also room for more downside before reaching possible support and trendline.
Placing two orders on this trade and will be moving SL once first target hits to minimize risk and have more possibility of maximizing profits.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.