I try to make analysis for UsdJpy pair today.
I see this pair still in strong bearish movement . If this pair can break the 112.08 support level, I predict this pair will go down to the next support at 111.58 But if this pair go up and break 112.58 resistent level, I predict this pair will make some correction to the next resistent level at around 113.08
Sell signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Sell with stoploss at 112.43 and take profit at 111.58
my advice .. don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.