EuroMotif

USDJPY looking to short: UJ topping after nice run up?

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FX:USDJPY   Đô la Mỹ / Yên Nhật
UJ has been climbing relentlessly, but I think it is coming due for a pullback soon.

I have three resistance zones identified in red, that I will be watching as approached.
Bình luận:
Hmm, could this be the start?
There several fibs just below that will act as support.
Lets see if they hold or not
Bình luận:
Still being supported by a fib cluster of 4 lines
each of those lines are from different fibs defined over different time frames
Bình luận:
As expected, these fibs holding things up.
But it looks like they might have captured the price, and after a few more bounces it may be ready to leave them. (I am hoping to the downside)
Bình luận:
there we go, fell through the fibs.
Closed 50% of position to cover costs and spread.
Trailing stop on remaining position.
Bình luận:
Back up to test the fib zones
Bình luận:
Quite a bit of volatility with FOMC rate decision and Trump presser.
But despite the fomc spike (they did nothing unexpected so was erased), price looks to have rejected from fib cluster that was previous resistance, or at least ''Captive''. Waiting for London Open to make next guess.
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