Short Trades for JPY

FX:USDJPY   U.S. Dollar / Japanese Yen
111 0 11
There is good down trend and we have entry point for short trades. Price bounced from Moving Average with period 50. MACD and RSI confirm reversal. If price moves below 109.11, the low of previous day, we will open short trade with stop order above 110.60 and target 160.15. DMI does not confirm up movement and this is one more confirmation for opening short trades.
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