USDJPY has taken multiple touches of resistance against the 111.50 quarter level. I am looking for it to travel to the downside to the 111.00 whole level. The stochastic indicates we are not quite in the overbought region yet, so we may see more bullish price play on smaller time frames before a true drop occurs.
Entry is right at 111.50 , stop loss is 15 pips , take profit of 45 pips. I would close out partial positions once we come to 111.30 , as we may not see the whole move.
DISCLAIMER Trading comes with risk. Do not interpret this as a 100% accurate trade, this is simply my analysis based off the best Forex Education and Signals Platform.
Entry is right at 111.50 , stop loss is 15 pips , take profit of 45 pips. I would close out partial positions once we come to 111.30 , as we may not see the whole move.
DISCLAIMER Trading comes with risk. Do not interpret this as a 100% accurate trade, this is simply my analysis based off the best Forex Education and Signals Platform.