Potential Short Opportunity for USDJPY

17 apr 2020

This pair will definitely be in my watchlist today. It is currently ranging in a triangle formation. I think there is a strong probability of a successful trade if it breaks the short-term rising trendline and move to wards the downside. It helps that the price in relation to the 200 EMA is currently showing a strong downward momentum. Thus a short position will be the wiser option for this pair.

All the best and let us catch a winner!