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theforexarmy

USDJPY dropping nicely from our selling area, remain bearish

Short
Dollar Américain / Yen japonais (FX:USDJPY)  
theforexarmy  
FX:USDJPY   Dollar Américain / Yen japonais
USDJPY usdjpyshort usdjpyidea usdjpydaily usdjpynews usdjpylong USD jpy usdjpyanalysis usdjpy1hr usdjpylongsetup usdjpysell usdjpybuy
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usdjpy usdjpyshort usdjpyidea usdjpydaily usdjpynews usdjpylong usd jpy usdjpyanalysis usdjpy1hr usdjpylongsetup usdjpysell usdjpybuy
Sell below 114.25. Stop loss at 114.97. Take profit at 112.90.
Reason for the trading strategy (technically):
Price has dropped from our selling area really nicely. We remain bearish below 114.25 resistance for a further push down to 112.90 support (Fibonacci retracement, horizontal overlap support) as we also tighten our stop loss to 114.97 to protect our profits.
We can see RSI (34) dropping nicely from our 67% resistance and has good downside potential.

Idées en relation

theforexarmy
USDJPY Weekly View : Profit target reached, turn bearish
Clause de non-responsabilité

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