USDJPY actually being nice.

8 thg 7, 2015

I like this currency pair because it seems to be sticking to all the support lines will, unlike many of the others this week that have lost me a lot of money. For this reason I am confident for this trade, there seems to be a rally in the Yen at the moment and i'm not against it! What increases my confidence in this trade is the fact that the support line matched well to the fib, and the support trend line matched up well to my second target. The fundamentals are telling me short, the technicals are telling me short. In my opinion I have a good strategy in place. LETS GO.