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Art_of_Trading

USD/JPY: Short Opportunity

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Art_of_Trading Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis USD jpy USDJPY support Support and Resistance structure SELL short profit
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trendanalysis usd jpy usdjpy support supportandresistance structure sell short profit
The market moves sideways on USDJPY 1H timeframe. The key level is at 112.885. which market acted as resistance and then after the breakout became the main support. There is a strong selling pressure and it is expected to price will go down. Moreover, price action support this selling idea: Pin bar and doji
Comment:
Hit the profit target. Trade clsoed
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