The price was moving toward the Resistance 113.38 and felt it will react from there back to pivot point. Hence placed an order near to Resistance and take profit near to 113.00

As the market moves JPY will be bit volatile and will head down as I have that has been the behaviour of this pair. Stochastics, CCI moved into overbought zones and MACD will in the same zone soon. 1 Hour and 4 Hour charts confirm the same. A price reaction will happen downwards, a clear 30-50 pips movement.
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –