The Yen is looking strong at the start of this trading week (8/1/2018-12/1/2018). Price has now broken rising trendline. I would wait for a corrective structure before entering short and set a TP target at previous swing low @ 112.054
Order cancelled:
Didn't had a chance to enter as price broke through corrective structure too aggressively. A pullback and retest of corrective structure presents another opportunity but I wasn't on the charts so no trade for this pair too.
Comment:
However, I do believe price will still head down lower to previous swing low. Would short this pair if there's an opportunity.