USDJPY has reached resistance, Big SELL
As shown in the chart, USDJPY has reached resistance. The overextended bull run is about to end.
Traders can look for sell opportunities between 111.95-112.20 with SL above 112.50
TPs can be placed at 111.20, 110.50 and 110 respectively.
Over the course of the next 4-8 weeks, UJ might drop as low as 108 or 107
Traders can look for sell opportunities between 111.95-112.20 with SL above 112.50
TPs can be placed at 111.20, 110.50 and 110 respectively.
Over the course of the next 4-8 weeks, UJ might drop as low as 108 or 107
Trade active:
Sold at 112.08
Comment:
Dropped nicely after hitting resistance
Trade closed: target reached:
All targets reached. Great trade. +210 pips profit
