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dtsdude
Jan 9, 2018 5:13 AM

Look for short setup in this consolidation zone 

U.S. Dollar/Japanese YenFXCM

Description

UJ made a sharp move down. It is below the 50 SMA on the H4 time frame.

On the M30 time frame the market is consolidating in a small zone late this asian session.

Look for entry setups that offer good risk reward that can aim for the 112 area (previous support area)

Comment

It's at the support area now.

I'm not interested in any new positions on this until it shows a clear break of support or a reversal
Comments
arjong
TP 112.2 Good Luck
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