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USDJPY 60 Minute Chart Analysis

Thursday, October 20, 2016 2:01
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Screen Shot 2016-10-20 at 07.15.00

Hello traders good to be back with you as we take a look at the USDJPY 1 hour chart. I have to say this really looks good as we have had a nice pull back and we are at resistance at the 200 ema. This is a short entry now as we have conformation with the second red candle and look good to enter. The entry price is 103.70 and I am looking to take profit at the support zone at the price of 103.16. This looks to be a nice 60 pip trade.

Thank you traders and we will talk soon……William


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