Mihai_Iacob

UsdJpy could drop and test 145 support

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Yesterday, UsdJpy opened with a gap of almost 100 pips.
After a low at 146, the pair started to rise, and looks like it wants to fill this gap.
Last week of trading UsdJpy consolidated and considering yesterday's open, a correction could be next.
In my opinion, rallies around 147.50 should be sold and, considering a stop loss above the recent high, a 1:3 risk:reward trade could be achieved if the pair drops to support

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