USDJPY is moving in a lower lows pattern, as you can see from the chart above. The most possible scenario is to continue the downtrend. Thus, a good chance for trading the pair, would be near the trendline, taking short positions of 30 pips lowers as take profit and 10 pips higher as stop loss.
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Thursday, December 05, 2013
USDJPY Trading Idea 05.12.2013
USDJPY is moving in a lower lows pattern, as you can see from the chart above. The most possible scenario is to continue the downtrend. Thus, a good chance for trading the pair, would be near the trendline, taking short positions of 30 pips lowers as take profit and 10 pips higher as stop loss.
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