UsdJpy- Medium Term outlook- weekly chart

2019-12-09 14:23:13

UsdJpy finished the week with a nice bearish engulfing. Long term trend is down and we can expect a continuation in weeks to come.
A daily close under 108.50 would expose 108 zone and the important support from 107.

Strategy:
Sell the market
SL @ 109.20
TP @ 107.20