I just found out that the price for USDJPY now is near to the Resistance, plus I see a downtrend channel.
If the price still hold below the Resistance, USDJPY will go down again, and probably gonna try to breach the 110.00.
Therefore I decided to entry Short Position :
SELL @111.10
STOP LOSS @111.50
TAKE PROFIT @110.30
It may go down, it may be not.
This is just an analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!
If the price still hold below the Resistance, USDJPY will go down again, and probably gonna try to breach the 110.00.
Therefore I decided to entry Short Position :
SELL @111.10
STOP LOSS @111.50
TAKE PROFIT @110.30
It may go down, it may be not.
This is just an analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!
Trade closed: stop reached