USDJPY

EXPECTING A RETRACEMENT FOLLOWING FRIDAYS NFP.

THE RESISTANCE LEVEL HAS TESTED MULTIPLE TIMES AND EACH TIME PRICE HAS BEEN HELD DOWN.

AS YOU CAN SEE PRICE IS IN A WEEKLY DOWNTREND, I AM EXPECTING IT TO CONTINUE AND FIND SUPPORT AT THE 200 SMA AREA.

STOP LOSS IS TIGHT

RISK REWARD RATIO IS 6:1