Monday, March 26, 2018

USDJPY - waiting to see if the 105.60 to 106.60 zone keeps the downtrend intact

DISCLAIMER: The information presented here is for informational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

Quick review of where USDJPY is at tonight.

The downtrend on the daily timeframe is still intact.   Retracing a bit into the 105.65 area.

The 105.60 to 106.60 zone is the key area to hold if the down trend is to stay intact.  If a set-up appears in this zone I'll look to short.

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