Tuesday, October 20, 2015

October Trade 9: USD/JPY short

50 day MA crossed the 200 day MA to the downside.The weekly uptrend on the MA50 is still trying to keep the market up.However daily chart shows the break down:

Position will be reduced above 122.Stop at 126.First target around 116-117.
Daily chart shows the 200 day MA break down.:

Weekly chart MA 50 support is trying the hold the market.
Open positions are below:

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