Genghis
Short

USD/JPY - "Wax Off" 2

FX:USDJPY   U.S. Dollar/Japanese Yen
27 0 1
Short at 120.83, SL 122.00, TP1 116.30

Rationale for short view:
- Touched and just under broken bullish trend line (green)
- Running into resistance at bearish TL
- Daily stochastic over 80
- Resistance around 121.7
~ Month of Aug range 0.618 fib
~ Highs in Dec             2014, Mar 2015
Trade closed: target reached: TP1 reached
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