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jonesrj

Expect downtrend continuation in USDJPY daily chart

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
jonesrj  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance
4
0
supportandresistance
Sold USDJPY at 110.50 with a 30 pip stop loss and target profit of 240 pips.

110.50 looks like a strong resistance level.

Stochastic crossover on 1h chart confirms bearish price action.
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