USD/JPY- Short from resistance
Hello,
Today I have placed a pending sell order below todays local low.
Entry- 113.213
Profit- 112.088
Stop loss- 113.919
The price has now not been able to break any of the resistances at this area. The daily, weekly and monthly all sit between 113.878 and 113.459. A fall back to the previous support at 112.08 seems very likely from here as the
DXY has taken a dive today. Although the Yen is weak at the moment I think it will have enough strength to knock the USDJPY back towards the 20MA.
Good luck if you join.
Today I have placed a pending sell order below todays local low.
Entry- 113.213
Profit- 112.088
Stop loss- 113.919
The price has now not been able to break any of the resistances at this area. The daily, weekly and monthly all sit between 113.878 and 113.459. A fall back to the previous support at 112.08 seems very likely from here as the
DXY has taken a dive today. Although the Yen is weak at the moment I think it will have enough strength to knock the USDJPY back towards the 20MA. Good luck if you join.
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