short position USDJPYas in my analyst, i will take short position of USDJPY .
in Daily chart, USDJPY reached to OverBought using MFI and Momentum indicators.
Usdjpyshortsetaup
USDJPY SSHORT USDJPY
Currently USD is looking weak, after the first impulse and scooping reaction of the ray line on the 4hr, I'm look to enter on the continuation correction.
potential for a +10%
ray line of the inflection area is first area of profit. New market day is about to start in an hour so will wait for an entry as I do not want to be taken out prematurely by the spreads.
price is hovering beautifully and is a text book falcon impulse correction.
Beautiful bear candle close on all time frames here. just sitting and waiting for the close.
SHORT on USDJPYShort signal on 08/13 with technical entry @110.104. Entered a short on USDJPY on 08/15 @110.567 with initial target @107.035. Target happens to correspond with the 1.618 Fib Ext off of 07/18 high. Monitoring the 110.00 level for either support or a strong break.
Short term Friday USDJPYLooks like its gonna break the diagonal support, its friday so I will likely to be conservative on target.
