USDJPY is getting close to the JPY demand area and will go short either at the trendline or at the strong demand area around 108.8. Entering short now half of the volume with another pending order at 108.8
Trade active:
TP at 107 area (107.07 in my positions) and SL at 109.36. Entry price was at 108.35
Trade closed: target reached:
TP Target was hit at 107.07
Comment:
Next moves will be most likely completing the drawn triangle formation with continuation pattern followed but thats another story for another analysis...