Don't Chase USDJPY, Look To Renter Short At Better Prices
USDJPY breached the 110.000 level but no follow through as of yet and the bounce from 109.950 is seen consolidating the fall from 113.800 high last week. A bounce to the 112.000 to 112.500 level can not be ruled out and if seen should be taken as an opportunity to short this pair. Support can be found around 109.700 but if breached before we see a rebound to 112.000 - 112.500 we may want to jump on the momentum. Although we prefer not too chase sellers may very well step in if the latter was to take place.
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Here at Unique Forex we pride ourselves in being the World’s first “Virtual Forex Trading Floor” where we will turn ANYONE that trades with us into a profitable trader fir FREE! That’s right…for FREE! All you need to do is to fund your own trading account.
Unique Forex has a team with 40+ years combined trading experience and with our proprietary algorithm we significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to unique4xpro.com/research.html
You can get a free trial to our signal service at unique4xpro.com
Also follow us on all of our social media:
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