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Trade of the Week: USDJPY Short

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T3 Live’s Kurt Capra is stepping in to provide the latest trade idea of the week.   Don’t Fear Forex…  Attend my free webinar tomorrow and learn why so many stock and options traders are embracing the lucrative world of forex. The Trade Idea: USDJPY Short Entry Area: 101.80 Stop Price: 104.00 Target Area: 97.00-98.00 Why I Like USDJPY Short    USDJPY has been in a downtrend on the daily chart for quite some time. Last month, it rallied and subsequently fell back to the prior low. Recently, it has been consolidating within a range. It is now at the top of the range where we’ll look for sellers to reemerge.       P.S. Don’t forget to sign up for my FREE forex training session!

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