USD/JPY TRADE SETUP (FAVERING SHORTS BELOW 107.50)
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Japan's trade figures come in, its exports were higher for June but its trade balance was also higher then expectations. Doesn't look as the strong Yen heart exports so much.
USD/JPY Daily Chart:
USD/JPY Daily Chart:
Komen
Let's see if we can break and close below the trend line. Looking to add to my position.Komen
Komen
Looking Good Have some support around 105.50Komen
105.50 comming upKomen
I will be tacking off a quarter off my position around 105.00 We could see a retracement back to 105.50Komen
My limit order was hit this morning for the remainder of my position @104.10 I think we might see a retracement or consolidation from hear. There is US data, Consumer confidence and new home sales coming out in 15 min 8AM EST. there's still downside potential and I will be looking to re enter shorts. My new bearish invalidation level @106.72
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