FXWW News/Trade Ideas/USD/JPY

USD/JPY takes out support near 98.55/60; targeting recent lows at 97.70

I don’t think this pair is going to collapse but I think short is the correct position to have. I’m looking to book profits near 97.80 on any exhaustive spike lower and then look to re-sell rallies.

  1. Hey Sean , i think we might be in for some yen strength ahead , EurJpy both weekly and daily charts look very tired and i think a correction lower is likely.

Leave a Reply

Your email address will not be published. Required fields are marked *