USDJPY showing a good SHORT set up as the price is reaching the 200 SMA which shows a good entry for short position. it is a strong resistance at the 110.883 area which shows a lot of rejections at this point, not setting SL too high as its only 22 pips and the TP at only 37 pips at the 0.618 fib retracement level
USDJPY showing a good SHORT set up as the price is reaching the 200 SMA which shows a good entry for short position. it is a strong resistance at the 110.883 area which shows a lot of rejections at this point, not setting SL too high as its only 22 pips and the TP at only 37 pips at the 0.618 fib retracement level