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USDJPY uptrend rally coming to en end

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
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1
USDJPY after a big bull rally sees to be looking faded. it has been trading in bullish channel . also it has retraced to 110% fibo level and also a strong resistance is seen at 111.03. traders may go short in USDJPY at slighly higher price or wait for breakout channel downward with a target of 107.79 in near term.

Comments

Yes Sir Agreed. Only Daily fime Frame it may take some rest and Retrace a bit. But on Weekly Charts This move looks much stronger and Gives Targets Above 112 Where we have 50% Retracement also of previous range @ 112.35
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