The USDJPY is being dominated solely by the intensifying US/China trade issue. The worse it gets the more traders and investors are willing to buy the JPY. It’s as simple as that. So, for now, the downside move should continue.

Current Technicals: Down

Days since Trend started: 14 Days

Number of pips in Trend: 338 pips

USDJPY HOURLY CHART – Current Price 109.63

Current Fundamentals: Down

Upcoming Potential Fundamental Drivers

Trade Execution

Our Preference

Short positions below 109.40 with targets at 108.50 & 108.00.

Alternative Scenario

Above 110.00 we should see a quick stop loss run towards 111.00.

Execution Software

If trading the technical levels: Trendline Trader or Ichimoku Cloud Trader

If trading live: T-Rex Live Trader or Guerrilla Trader

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