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Safe haven YEN buying pushes price lower

USA-dollar/Japansk yen (FX:USDJPY)  
TradeTheStructure  
FX:USDJPY   USA-dollar/Japansk yen
Trend Analysis Chart Patterns Beyond Technical Analysis USDJPY yen fx currencytrading forexsignals priceaction
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trendanalysis chartpattern beyondta usdjpy yen fx currencytrading forexsignals priceaction
The USDJPY backed away from the 108.890 zone even as the USD rallied. The move is a strong sign of safe haven buying into the YEN to outweigh the move up in the dollar. Price looks set to push lower so we are looking for a break below 108.10 for a sell opportunity off a shoulder setup.

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