If the price can’t stay above 112.00 level, we should expect downward movement to 111.00 and 110.00 levels. Pending orders for sell can be placed at 111.60 level. Stop orders must be placed at 112.25 level. Profit targets are 110.70 and 110.10 levels. If the market breaks the downtrend line after activation sell orders, it will be better to close short trades. Don’t risk more than 3% from your deposit in this trade. Market: USDJPY Sell: 111.60 Stop: 112.25 Profit Targets: 110.70 and 110.10
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