USDJPY H4 Short

USDJPY - H4

Limit Sell 111.650

Stop Loss 111.900 (25pips)

Take Profit 111.000 (165pips)

R:R 6.6


USDJPY has show exhaustion after a final push up due to positive USD news. We have reached the 78.6 zone are into the trade as price has hit the Limit Sell. RSI 7 & Stock (5,3,3) both confirm the pair is at its overbought zone and in need of a new leg down.

Stop Loss is placed above the 88.6 to avoid stop hunts.The Take Profit is placed at 110.000, a strong psychological number for a moderate 165pips.

Best Of Luck,

Centurion Forex