Shorting USDJPY as it breaks major support 107.70.As we are aware, price movement for JPY pairs have been much bigger than usual. There is some downward momentum going on at that support level . In addition, a short entry also aligns with yesterday sharp downward move.
Note
Price has been rejecting 107 for several hours, hence i made the call to take profit at about 45 pips.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.