USDJPY Chart 4

USDJPY - Longer Term Potential Bearish

USDJPY - Longer term Potential Bearish by DanV on TradingView.com

9 December 2013

Updates and comments

Many folks have been trying to short this pair without real success as it has continued higher without much of follow through to the downside.

However it now looks like we are in final stage of this cycle move and could form top soon in the area of 104-105 area. This could offer real shorting opportunity as potential trend reversal with at least 50% retracement of the move up or even lower.

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