USD/JPY – Aggressive short with a close stop

Forex Technical Analysis USDJPY | Our expectations:

Long trend and medium-term short correction, the price has reached a key support levels. The current levels give a good opportunity for an aggressive entry with a close stop and a good risk/reward ratio

Price is testing 200SMA.
DeMarker has turned below 0.7 giving a decrease signal.

SL: 110.77

Alternative Scenario: When a 200SMA breakthrough is verified, it is possible to go for testing the top channel border.

 Trader Georgi Bozhidarov

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