Click Here to see the initial plan from the beginning of the week. Chucked in a 150 pips on the weekly swing.

UsdJpy Daily Chart

Price reached the conservative monthly target at MM1. Due to some profit taking and also bulls buying off support, we are now seeing price edge higher. My long term target on this is the bottom of the range at 108.500 and will continue selling the dips until then.

UsdJpy H4 Chart

We had price come off the weekly central pivot at the beginning of the week. to only reach the weekly target. I'm looking at shorting this at the role reversal, also thinking that the 21 moving average will act as dynamic resistance as it has been evident how bears have been selling off it.

One thought on “UsdJpy Short Setup Update”

  1. Maryna says:

    Well done on your Weekly swing trade!!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.