Short Position on USDJPY
Examining the USDJPY on a 4hr, 1hr & 15min time frame shows a very evident Gartley Pattern emerging- encouraging a bearish position. Using classical technical analysis techniques- a very straight forward XABCD pattern can be drawn out which tends to inspire a shorted position over the next week.
No major fundamental news appears likely to affect this - assuming the tone between the U.S and other traditional trading allies from the Trump administration doesn't flame up uncertainty.
Entry Price: c. 110.6
Take Profit: 109.2
Stop Loss: 112.0
No major fundamental news appears likely to affect this - assuming the tone between the U.S and other traditional trading allies from the Trump administration doesn't flame up uncertainty.
Entry Price: c. 110.6
Take Profit: 109.2
Stop Loss: 112.0
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