USDJPY PRICE ACTION SHORT
With the dollar gaining across the board on other majors USDJPY is bucking its head at this level of resistance.
I started in short at 107.56 with a stop at 108.10 in anticipation seller supply will rule in the short term and take price back to the bottom of the range around 106.60's.
Will add to winners as market confirms direction. The main struggle will be the 107 handle if we get there.
Longer term i see this pair getting back to 110, but bulls seem to really be looking for a major catalyst to break this daily range.
Happy Trading,
StellarCraig
I started in short at 107.56 with a stop at 108.10 in anticipation seller supply will rule in the short term and take price back to the bottom of the range around 106.60's.
Will add to winners as market confirms direction. The main struggle will be the 107 handle if we get there.
Longer term i see this pair getting back to 110, but bulls seem to really be looking for a major catalyst to break this daily range.
Happy Trading,
StellarCraig
Trade closed: stop reached
Closed at 108.10 as per plan
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.