USDJPY SHORT

1 Mar 2021

The USDJPY has been rising in a channel for some time respecting the boundaries of the channel fairly well. The price is now encountering weekly resistance levels which leads to a short opportunity with a fairly tight stop-loss resulting in a good r/r ratio. If you please you can make a second or even a third profit target further down on lower support levels. I do recommend using trailing stop losses while doing so.