Forextuitions

USDJPY Short Term Trade Setup

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
The daily is turning down against the March highs at 111.68. The 4 & 1 hour are turning up against 103.14 to correct the cycle from the May highs. While above 103.12 the pair can see strength toward 107.00 before a turn back lower.

Sell @103.85-104

TP: 103.25
SL: 104.20

Good luck !

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