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ShawnTheTrader

USDJPY - Price is near to major resistance

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
ShawnTheTrader  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Trend Lines
5
0
supportandresistance fibonacci trendline
IMHO, a short position at where the price is right now.

A sell limit order can also be placed at the resistance level in anticipation that the price will go down once it touches the resistance, giving a good Risk : Reward Ratio.
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