A very strong resistance had been hit now and price channel is also been respected many times. so it is my personal view that the price will go down. Any ideas are welcome to share.
I had short USDJPY at 111.8 in the hourly chart and the position is in positive. There's a pivot at 111.37 so will square off quarter the position at it. And then half the position at 110.73. Price should hit 110.27, So i will be closing all my positions near he price. Any suggestion and ideas are welcome.