USDJPY - SHORT AFTER TRUMP DECISION?
THE USDJPY PAIR FACED A BIG SPIKE DUE TO DONALD TRUMP ANNOUCEMENT ON USD/CHINA COMERCIAL WAR. WITH THE US PRESIDENT LOWERING THE THREATS, THE JPY PAIR IS NOW RECOVERING SOME STAMINA.
TECHINCALLY SPEAKING, THE TRADE IS FAILLING TO BREAK THE 109.700 RESISTANCE, WHICH TELLS US THAT THIS KEY LEVEL IS PRESSING THE PRICE LOWER. RIGHT NOW, THERE IS TWO PRICE AREAS TO BREAK, LET'S SEE HOW USDJPY HANDLES.
TARGET PRICE: 109.000 (50 PIPS)
TECHINCALLY SPEAKING, THE TRADE IS FAILLING TO BREAK THE 109.700 RESISTANCE, WHICH TELLS US THAT THIS KEY LEVEL IS PRESSING THE PRICE LOWER. RIGHT NOW, THERE IS TWO PRICE AREAS TO BREAK, LET'S SEE HOW USDJPY HANDLES.
TARGET PRICE: 109.000 (50 PIPS)
Trade active:
THE TRADE IS FACING A MAJOR RESISTANCE AT 109.700, WENT TO RE-TEST, AND CAME DOWN LIKE A FEATHER. THE TARGET PRICE NOW 108.500
Trade closed manually:
Trade was closed at -20 Pips