USD/JPY - Dollar Yen Short term (Intraday)
103,51. USD JPY is in an downtrend directed by 4H exponential moving averages. The price is just bellow 103,70 resistance. The volatility decreases. RSI is in a bullish configuration. The downtrend should continue on 101,50 support. We could take a short position at 103,70. We will put the stop loss above 104,00 (-30 pips). The targets are 102,50 (+120 pips) 101,50 (+220 pips). This is a dangerous trade, take care and put your stop loss. Resistances : 103,70 - 104,40 - 105,20 Supports : 103,40 - 102,50 - 101,90 - 101,50 Chart :
formatting link