USDJPY SHORT
Price has been making lower highs and is now below the 200 EMA. I still see further downside for the US Dollar Index. Price broke an descending triangle pattern and MACD histogram is showing bearish momentum.My target is the 108.800 Level. Target profit is about 150 pips with a SL risk of 50 pips. I will take this trade for now before the US Dollar Index resumes it's uptrend then I will LONG this pair and short EURUSD, GBPUSD, AUDUSD, and GOLD. Thanks for reading!
Price has been making lower highs and is now below the 200 EMA. I still see further downside for the US Dollar Index. Price broke an descending triangle pattern and MACD histogram is showing bearish momentum.My target is the 108.800 Level. Target profit is about 150 pips with a SL risk of 50 pips. I will take this trade for now before the US Dollar Index resumes it's uptrend then I will LONG this pair and short EURUSD, GBPUSD, AUDUSD, and GOLD. Thanks for reading!