TMV Swing Trade report – Short September Japanese yen from 125.87 – last price at 1.2479 – The yen formed a short-term consolidation on the downward sloping median line before breaking lower. The market has reached the lower parallel line where it should bounce. I recommend covering the short position and waiting for a rebound rally to 1.2570 to re-enter the short position.
September Japanese yen - 60-minute chart - click to enlarge
