Short Position on USDJPY

Examining the USDJPY on a 4hr, 1hr & 15min time frame shows a very evident Gartley Pattern emerging- encouraging a bearish position. Using classical technical analysis techniques- a very straight forward XABCD pattern can be drawn out which tends to inspire a shorted position over the next week.

No major fundamental news appears likely to affect this - assuming the tone between the U.S and other traditional trading allies from the Trump administration doesn't flame up uncertainty.

Entry Price: c. 110.6
Take Profit: 109.2
Stop Loss: 112.0