JPY breaks previous 2 week's lows
|The JPY continues it's bearish momentum from last Tuesday's highs falling 2.31% to today's lows. This is very bearish and the next level we should see some bullish pressure is August lows for another, at least, half a percent move to the downside.
The GBPJPY presents the best setup to short the JPY on a massive bullish breakout of the 151.80 level.
This is my trade:
Join Learn 2 Trade VIP Group now!
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.