SHORT USDJPY Trade Ideas 07/03/18 Wed -MAX

Hi Guys,

It's me Max again, hope yo guys are trading well.

Check out the my chart drawn for USDJPY.

Fundamental reason: given today's big news still concerning with USD weakness theme - ''Trump Confronted Cohn on Trade Hours Before Resignation, Sources Say" from Bloomberg.

The first downward move happened in Asia session, now after consolidation between 105.45 -105.85, the pair has failed to go above previous support 105.85 which now became resistance.

Given we never fight with the trend and a good trend is never too late to join at the beginning. Now a great time to consider short with target near or below recent low of 105.25. Depends how traders are making a deal out of today's news and coming up US NON-FARM.

DON''T TRY TO CATCH FALLING KNIFE!

If you guys like my post, please follow and leave a feedback. :)

Best Regards

Max