USD/JPY Technical Analysis.

FX:USDJPY   U.S. Dollar / Japanese Yen
Hello traders, USD/JPY is trading at 109.40. The pair is trading in resistance and support wedges in an upward channel and rebounding back to touch its support level. As the price has already touched its resistance level and rebounding back to its support level, it can give a small short opportunity. The entry price is 109.40, stop at 109.70 and target at 108.96.

Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

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Thank you,

Rishikesh Lilawat

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