This is an update on a previous chart I created.
The downward trend of the USD/JPY continued Friday despite a brief bull run. I now fully expect the price to go down further and break through the 108 line before coming back up any time soon.
IF you are going to short now, I'd aim for a TP around 107.5 or slightly lower and adjust your SL as the price moves down. Initital SL should be around 108.20.
The downward trend of the USD/JPY continued Friday despite a brief bull run. I now fully expect the price to go down further and break through the 108 line before coming back up any time soon.
IF you are going to short now, I'd aim for a TP around 107.5 or slightly lower and adjust your SL as the price moves down. Initital SL should be around 108.20.
