forextamil
Short

USDJPY: Sellers' Be Ready Ground is open for You-Bearish.

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY

On a daily basis, USDJPY favouring sellers' the pair attempting to break the trend support with the help of pullback action from the current trend. the trend reversal from the 114.562 tends a flag correction. In a daily time frame, Yen's waiting to show its power, technically, yen running with good numbers these are factors are enough to solidify the support breakthrough. precisely, the breakthrough could easily fetch the numbers 109.878. If the signal breaks the support as an Impulse, the 109.878 will be its target.

On the contrary, without any doubt, the USD also has the equal strength against YEN. The pair has a chance for the reversal; the continues raise after the 113.027, might target the 113.921, In this case, traders end your trades on or before 113.921.

Signal Specification

Entry@ 112.244

Tp: 109.878

Sl: 113.921

R/R: 1.39

Have a look on the chart.
Happy trading.
Dec 10
Trade closed: stop reached
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