Trade Recommendation: USDJPY
The price broke the uptrend line and it gives a trend reversal signal. DMI shows that bears become stronger and it allows us opening short trades. If the price passes through the cloud, it will give us an additional confirmation of further downward movement. In order to catch this price movement, we can place pending orders for sell at 112.80 level. Stop orders must be placed at 113.80 level. Profit targets are 111.50 and 110.00 levels. Don’t risk more than 3% from your deposit in this trade.
Profit Targets: 111.50 and 110.00