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USDJPY Short Idea

Mar 25 2020 at 06:01
83 posts
Lots of USD pairs are at questionable highs. With the market acting crazy, could we see the Dollar to crash, in my opinion I reckon it is due to - but it’s only a matter of time. With the Fed injecting ‘unlimited’ amounts of money into the market, this can only end back sooner rather than later.

Here I have marked up USDJPY. You can see that price is respecting trend quite well, and price is making it’s way back up to a supply area where price previously crashed around 1000 pips - could we see this happen again?

I’ll be looking to sell around the 112.0 area depending on price action.

Let’s wait and see. Good look and risk accordingly if you decide to enter.


Mar 25 2020 at 06:50
3 posts
Agreed. However, watch out for support around 109.6. If the market holds above this price USD/JPY will likely stay bullish a while longer. I would go short once price has gone down between 108-109
Mar 25 2020 at 16:17
30 posts
I think youre right pete
Karlos Fandango (Smith2525)
Mar 27 2020 at 00:29
82 posts
I've been reading some very mixed opinions on the forecast for the dollar. Most believe it will remain a safe haven for some time yet. I'm holding back on the shorts.
Apr 15 2020 at 16:53
37 posts
Did you notice all this day usdjpy go to sell? It was a great time for sell trade. It's a pity I noticed this too late. I think there will be a rollback soon.
juri282 (juri282)
Apr 17 2020 at 10:15
13 posts
I have one sell open manually price 107.80 and tp 107.00, we'll see in a few days if it's a good position😲
Anthony Rizal (AnthonyWins)
Apr 22 2020 at 13:47
212 posts
The market moves in a narrow channel. The triangle formation on USD/JPY is completed and I expect the further impulse.
Buy signal area is 108.0-10(MA250 4H) with a target at 108.65(MA150 4H).
The 107.60 (MA150 4H) support is now affecting the price and in case of breaking down, the next level will be 107.30.
The triangle will be breached after breaking through 107.00 level with targets at 106.50 and 105.25.


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