Sell below 115.30. Stop loss at 116.30. Take profit at 111.35.
Reason for the trading strategy:
USDJPY continues to drop nicely and has reached our first profit target from last week. We now remain bearish below 115.30 resistance for a further push down to 111.35 support.
RSI (34) is seeing descending resistance pushing price further down.
Reason for the trading strategy:
USDJPY continues to drop nicely and has reached our first profit target from last week. We now remain bearish below 115.30 resistance for a further push down to 111.35 support.
RSI (34) is seeing descending resistance pushing price further down.
