Sforex
Short

USDJPY: Right time, Right place to SELL.

FX:USDJPY   U.S. Dollar/Japanese Yen
208 0 4
In the beginning of week, I talked about the when and where we should SELL USDJPY"

USDJPY: OK, It rejected 118, I like SHORT, but WHERE ?


and

S&P500: do you think SPX could break strong resistance ?


SPX             rallied strongly last week and test the key resistance level, and exactly what I expect SPX             cann't move further and seem bounce from this level.

Lack of US data, stock difficultly finds dynamic to rally more, so a bounce is reasonable.

In USDJPY             chart, the intersection of three trend lines and resistance level 120 created a strong point where USDJPY             must bounce from this level.

And that is the place I want to SELL USDJPY             .

Target I choose is 118.20

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