USDJPY SHORT
With the yen continuing to strengthen and the Dollar continues to show a sign of weakness this trade has the potential to play out fairly quickly.
The technical are also aligning with the fundamentals aspects. you can clearly see on the chart withe the descending trend line which is acting as a form of resistance. we had a minor fake out of the trend line but price could not hold in that area for long. we then saw a very bearish candle pushing price back below he trend line.
i can see price coming down to 106.500 as an extended target.
The technical are also aligning with the fundamentals aspects. you can clearly see on the chart withe the descending trend line which is acting as a form of resistance. we had a minor fake out of the trend line but price could not hold in that area for long. we then saw a very bearish candle pushing price back below he trend line.
i can see price coming down to 106.500 as an extended target.
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