Thinking short for now.
Range 100 - 111 is an area that USDJPY always fluctuate.
Every time when the px came from above 111 will find its support around 100-104 and bounce upwards. After this bounce, px always finds resistance around 111 and come back to 100 level again (no matter DXY is rising or dropping).
So I am closing out my longs for now. Looking to short a small amount, then long again at 104.
Range 100 - 111 is an area that USDJPY always fluctuate.
Every time when the px came from above 111 will find its support around 100-104 and bounce upwards. After this bounce, px always finds resistance around 111 and come back to 100 level again (no matter DXY is rising or dropping).
So I am closing out my longs for now. Looking to short a small amount, then long again at 104.
Komen:
Good short trade guys.
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