USDJPY- Possible retracement on short term

21 avr. 2016

If pair goes below 109.75--one could take short for targets 109.45--109.48 which is 38.2% of the current rally from 108.76 to 109.89 & look for up push & then a fall again in 3-waves making some decent profit as shown in chart for short term. Remember 109.89...one should be long. Regards

21 avr. 2016

Note

for short term shorts ...109.91 is key resistance ...beyond which one should turn longs else first going below 109.75 & also below 109.65 can add some 20 safe pips in the zone 109.45--109.48. Regards

21 avr. 2016

Transaction en cours

Short trade is active ......for targets 109.45--109.48......Remember UJ going above 109.91--one should go long. 109.91 is the stop for shorts taken@109.75