weiloon940718
Short

USDJPY: RETRACE OR FURTHER UP?

FX:USDJPY   U.S. Dollar / Japanese Yen
68 1 4
The price is going to test the key resistance near 112.000 where there is FIBO 38.2 and high of 25-4-2016, a high price right before the central bank of Japan who declared that they will keep their monetary policy steady. Will the price retrace at this price level or go further up to second resistance 113.62-114.50? This key resistance 112.000 should be a price that we could pay attention to. If there is bearish candle and the price retrace back, a short term TP of short position could be 110.450.

TRADE IDEA:
LOOK FOR SHORT OPPORTUNITY AT NEAR 111.700-112.000
SL : 112.500
TP : 110.450
That is the question:)
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