Sell USD/JPY rallies around 121.50, SL: 121.80, TP: 121.10

FX:USDJPY   U.S. Dollar / Japanese Yen
405 7 7
Greenback broke out of its 120.00-121.50 range against the yen yesterday, to reach a two-month high of 121.72 after Yellen signaled Dec rate hikes

USD/JPY             is off overnight highs, is currently trading at 121.49, around channel top at 121.48, with supports on the downside at 121.10 ( 200-DMA             ) and then 121

Convincing breaks above channel top at 121.48 can take the pair to 122 levels, host of vanilla option expiries at 122.00 (USD727 mln             ) could attract

However, investors are reluctant to push the pair much higher ahead of the release of US Non-farm Payroll data next Friday

Daily Stochs are at overbought on the verge of a bearish crossover, correction lower likely

Recommendation: Good to sell rallies around 121.50, SL: 121.80, TP: 121.10
how much possibly it goes beyond 122 ? I followed your last signal and I entered selling with tp 119.80
Till 122.40
FxWirePro pete_hef
This mistake will not be repeated
pete_hef FxWirePro
Thank you :-)
It seems you have currently TWO trades runing for this pair: One long and one short?!
FxWirePro pete_hef
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