Dear Traders,

For the last couple of days, all YEN pairs have shown the similar price actions – riding 21EMA on Hourly Charts.

2016-01-07_15-56-20-UJ1

I would simply recommend to keep selling from 21EMA, until the price breaks it.

When it breaks, then the next selling zone will be 21EMA on H4 chart.

2016-01-07_16-00-02-UJ2

I am Bearish until the price hits 116.0, which is the low on Aug 24, 2015.

 

You could apply this strategy to other Yen pairs as well.

 

YJ Baik – Forex.Today @ Tokyo

 

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