Wednesday, September 3, 2014

Shorting USD/JPY at short term resistance

I shorted USD/JPY at 105.05 which represented my short term resistance level.

















In addition, under the currency strength meter, the Yen is the second strongest currency today.

The cabinet reshuffle in Japan today is helping out with the strength of the Yen. Another Yen pair, GBP/JPY fell significantly and was a good short entry.

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