Usdjpy consolidating before a move

78
USDJPY is consolidating at a critical support. Ive been shorting the pair since it broke the triangle. Now dxy is a daily supply bringing weakness to the USD. So, i’m looking for a different entry here. Ill be placing a sell stop below the low with a stop loss above todays candle. 2 targets here offering a RR of 2.5

Disclaimer

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.