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USDJPY 60 Minute Chart Analysis

Friday, January 6, 2017 1:46
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Headline: Bitcoin & Blockchain Searches Exceed Trump! Blockchain Stocks Are Next!

Screen Shot 2017-01-06 at 07.55.09

Hello traders as we look at the USDJPY we are looking at a 60 minute chart. My bias is bearish and I am looking for the pullback to the 50% Fibonacci level for a possible sell at the price of 116.40. I am looking fore the take profit level of 115.20. This is a nice trade as the dollar remains weak and the JPPY stays strong. I hope to get out of the trade by the NY session.

Thank you traders and we will talk soon….William



Source: http://fxinstructor.com/blog/usdjpy-60-minute-chart-analysis-2

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