USDJPY : Short Trade , 4h

11 Mar 2023

Hello traders, we want to check the USDJPY chart in the 4-hour time frame. After moving in an upward channel, the price has reached the key area of 137.500 and 138.000 and could not break this level, and this level caused a sharp drop in the price and the channel was broken. If the price can have a correction up to around 135.540, it seems that this level can play the role of a support level for us and be a good entry point to enter the sale transaction and the price will fall to the specified targets. Continue. Good luck.

USDJPY sell Entry : 135.540

Stop : 137.710 , Target1 : 133.400 , Target2 : 131.205

Risk/Reward Ratio : 2