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Antonio_trader

USDJPY, short on the break of the trend line and support

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Antonio_trader  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis USDJPY shortsetup
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trendanalysis usdjpy shortsetup
Technical set up shows a break and retest of the trend line. Now a good support level is in the way, it was a strong resistance before as well. Only ISM PMI data from US released later today, it could affect price.
The 50 SMA is in the way, so if you wish for more confirmation, you could enter after price breaks through it, though risk-reward will be worse as a result.

Happy Trading!
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