In the chart of FX:USDJPY
, with the temporality of the day (1D) an important resistance can be observed from March 2017, which remains at the level of approximately 114.634. The short operation can be opened right now in the level of 113.396. Also, Stop Loss could be at 115.532 and Take Profit at 110.325. It should be noted that this is a long-term operation that may take several days to complete, however, it has a ratio of 1.76 and can be reflected in the RSI
indicator, which is a response to the over bought in the market.