Hi guys/girls, i've been in a short trade in USD/JPY for the 3rd day now, approx. 200pips in from the 111.3 top. At that time it was a low probability of a long-term profit from a short, and now, the probability has increased considerably more, and i thought i would share this opportunity with you.
The daily chart is pretty self-explanatory, we've been in a long-term downtrend with the USD/JPY for 3 years, due to USD weakness, Eurozone instability and a strengthening Japanese economy. As you can…