USDJPY is at a strong resistance that has not been broken since Jan 2017. At the same level on the daily chart there is completion of the bearing bat pattern. It also went below a dominant trend line indicating possible change of trend. I'll take a short with my target at 112.00 and stop loss at 114.20.
Yorum:
100 pips. I'm holding for target
115.00.
All Stop Losses set At 115.50
This is to allow the market to breathe and accommodate volatility.