Business Magazine

USDJPY Bear Trade Update

Posted on the 13 June 2013 by Souljester @souljester618
I am anticipating a USDJPY countertrend bounce here. May or may not materialize. Could be substantial. Here is the chart:
USDJPY Bear Trade Update
I am not interested in guessing bottoms or tops in Forex, but this is probably a decent harvest level for shorts off that lower pivot. I am using the 10 bar high as the stop on the overall short trade, which as you can see is a long long way up there.
Peace, Om,

Back to Featured Articles on Logo Paperblog