Bonkers
Short

USDJPY POTENTIAL RESISTANCE

FX:USDJPY   U.S. Dollar/Japanese Yen
If the pair pulls back to the 116 area there could be a great opportunity to go short.

Reasons to go short -

Trend is bearish
Returning to a major SR level (blue line)
The previous time it was at this level there was a strong sell off, and it is the first time returning to this area (yellow box).
116 is also a 50% fibonaci retracement level from the previous high
Good risk to reward ratio
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