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Fxprotrader

USDJPY Sell Opportunity

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Fxprotrader  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY
23
15
usdjpy
Price is has reached at level where it tests a medium term downtrend. Looking at a higher timeframe we may see that is moving in a corrective structure after a sharp move to the down. Although USD shows strengh this is a good level to short

Price entry: 110.113
Stoploss: 110.443
Profit targets: 109.447, 108.877

If price reaches the first target, we move stoploss to breakeven

Structure:
snapshot
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