Sell USD/JPY

28 ביולי 2020

Have shorted this pair on the recent pull back with the bias that the USD still has some downside. Will average into this position at the other two key zones. Price has shown a bit of a rejection at current levels and the USD seems to have lost its recent safe haven appeal. This trade hedges against my recently opened AUD/JPY position. If the market moves risk on and the AUD/JPY moves into profit, I can hopefully average my way out of this position on a break even price.