Sell below 112.08. Stop loss 112.66. Take profit at 110.85. Reason for the trading strategy (technically): USDJPY is approaching its resistance at 112.08 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 110.85 (61.8% Fibonacci extension). Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.