Trend:Range
Momentum:Bearish
Outlook:USDJPY as expected gave sell signal @ 104 Zone.It was a Range resistance as well as psychological round number Zone.It was a perfect sell signal as u read in text book.Sure the price to ready to go down to 102 Level atleast.
Trade idea:Look to sell around 103.20 Level with SL @ 104 level.Aim for 100 to 150 PIPS.
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