Short USD/JPY
Updated
Has been trapped under significant line of resistance for a while. Most of my opinions are posted on the picture. I don't know how to include the "Ichimoku Kinko Hyo" but the Kijun Sen line is acting as support/resistance. I would argue waiting until price breaks through Kijun Sen before entering trade.
Note
The price closed below trend line but it was too close to Kijun and is only 20 points above at the time of writing this.If price closes below Kijun I will enter the trade with my SL placed 10 points above Kijun and judge TP based on various indicators.
If the price bounces off Kijun and the market moves against my view then I will go long with SL 10 points below Kijun and TP @114.3.
Trade active
LongEntry 113.455
SL - 113
TP - 114.3
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