USD/JPY is trading at 13 year high,decline till 124.5 is possibl

FX:USDJPY   U.S. Dollar / Japanese Yen
428 3 12
USD/JPY             has broken major resistance and 125.04 and made a high of 125.84. It is currently trading at 125.44. It is overbought zone and is expected to show a decline till 124.50.

On the downside any break below would drag the pair further down till 123.50/123.10.

The pair reached high of 1258.84 (161.8% retracement of 125.04 and 123.74) and break above would extend gains till 126.50/127.

It is good to sell around 125.45-50 with SL around 125.90 for the TP of 124.60
Have a similar idea with you.
Hold long entered at 125.10, Target: 126.20, Stop: 124.75
Good Luck FxWirePro :-)
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