Hello my fellow community members,
Today we have encountered the USDJPY. It looks like a good sell on the Hourly chart. I have placed sell orders below 113.24 for intraday with the stop loss at 113.66 and TP at 112.35. Falling trend line will be a good resistance forcing the price to break below.
USDJPY 1H CHART
Any comments or suggestions about the setup are welcome.
Happy trading to all.
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