TTATradingService

usdjpy hits major resistance

Short
TTATradingService Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has been very strong for a few weeks now but now could be the time to catch a breath. Price already pulled back from a major resistance area and RSI shows divergence which points out the price might pull back further.

We will try to sell the pair between 115.80-116, with targets 114.80 and 112.5 respectively
Comment:
First TP hit

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.