USD/JPY 1 hour 9.25.14

 

Snagit screen capture
http://screencast.com/t/SodfFceI3gH

Im sticking with the UJ today. My idea is selling around 108.90 if it can retest the area and taking it down to the 1 hour 200sma. I am most interested in what this pair does as an indication of dollar direction. The DXY broke the weekly highs this week and pushed through 85.00 and is currently trading in the 85.20’s. So many times weekly high breaks mean stop runs and reversals on any pair but especially the DXY. This has been an incredible move and I’m not saying its over, I just want to see what it does from here.

Let me know if there are any specific charts anyone would like to look at.

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