That’s it for USDJPY?

Hi friends,

At the end of this day USDJPY might create great false break and start the down move that it should based on divergences.

That’s what I look for (Click to enlarge):

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As you can see, I think that if daily chart closes below 94, it is a bearish sign.

With protection above last high I think that it could be great trade. Risking around 100 point with potential profit of at least 230 pips (My expected first target is 91.2)

It is risky but I think it is good potential trade. Enjoy your forex trading.

Yours,

Vladimir Ribakov
http://www.vladimirforexsignals.com/

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.