- Shorting USD/JPY after falling to break the major resistance of 114.50/114.80
- Targeting first support @ 113.00
- Trading below the major resistance @ 114.50/114.80,
- Markets failed to keep buying momentum,
- Targeting the support levels @ 112.50 & 111.80.
As described on the chart l you would find the details !
target 0.69 and 0.65 . while your stop lose higher than 0.7280 ! more description on the chart .
As described on the chart the probability for lower breakout of the shown channel is highly expected !
Nothing go vertical ; the rebound is required and we are commodity scalper ; so let is trade it with our risk is defined !
I will sell the Japaneses Yen as its central banks do !
I would short it again referring to my previous idea reasons !
Described on the chart !
With risking level higher than 1179 and targeting big wave at 1105 ; Price action never lies !