USDJPY SHORT


USDJPY after the quick movements from bottom edge of range to top edge, backed to bottom edge and again moved upward to top, finally went upper but it stopped at last local high appointed in 6 october 2017. Price has backed from this level to the range. We are expecting that price could back to the bottom of range so we have opened short inside the range. Target is near the bottom of range. Stop is a few pips over last high. If price will go upward and will go higher than last peak, we will consider long with target near resistance zone at 114.30.

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