FX:USDJPY U.S. Dollar/Japanese Yen
Notes on chart, these are just my thoughts as I do not as a rule trade the Yen real often.
Comment: Yeah, I think I would be short here, WPR(9) is overbought as price entered the 110.667-113.589 zone (arguably support turned resistance) while volume seems exhausted.
Comment: That was pretty fast and violent, tighten stoplosses and exit if touched or target reached of 107.90
Trade closed: target reached: We hit the initial target price of 107.90 today...I am happy with this and am out, as I do not stay in yen trades too long no matter what.