USDJPY Short Position

18 בפבר׳ 2019

Goodmorning folks. I am looking to short USDJPY back on down to monthly support to the -0.27 extension. We have seen a break of ascending trendline paired with weakness in the USD. Price is remaining capped by the 38.2% fib level. If we break the 38.2 we could be looking at a 50% or even 61.8%. Either way, stops above the 78.6% for a decent risk to reward setup on a Monday.