Another Short on the USD/JPY

5 apr 2017

Hey everyone, we are gathered here for another possible short opportunity on the USD/JPY. After a great jobs report this pair ran all the way up a smacked head on in the long standing trendline the FOMC minutes sent it tumbling like a house of cards. It Broke though the another trendline and is currently below a D1 and W1 support level @ 110.541 on the 4H chart. A short on this pair would be confirmed of it closes below this support level. Remember, the Asian markets are about to absorb the news and likely to push the pair down. With no major news until Friday, this thing could easily see 110.000 before then.