USDJPY Short Squeeze On NFP. Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Aug 5, 2017 3:12 PM

UJ had a big short squeeze on Friday on NFP report. Speculators remain net short on Yen till date. I would wait for a UJ to break above down ward sloping trend line to take a long position on the pair.

Trend Analysis Chart Patterns