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jhakas

USD/JPY Short with little Risk.

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
jhakas Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY usdjpyshort
5
0
usdjpy usdjpyshort
Short USD/JPY @ Market Price 121.33.
Stop Loss @ 121.55
Take Profit @ 120.4 and 119.3

Good Risk Reward deal...
Comment:
It is now below Rate Hike Spike 121.35 and now rate hike spike low is acting as resistance... weekly candle suggest uj can go for 119.3
Comment:
Stop Loss now at Breakeven. 121.33
Comment:
UJ hit 1st target and now in mood to rebound.. but struggling below 4hr 20 ema.. if uj will close 4hr candle above 20 ema.. then it will go for 121..

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