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Lenguito_Forex

USDJPY - TIME TO SELL?

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Lenguito_Forex  
FX:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Trend Lines
2
0
supportandresistance fibonacci trendline
Price has just reached the 100MA (Red line) on the 1 hour timeline, which is inline with the 38.2 retracement and key resistance level (Red circles).

I will be looking to sell at this level, and target recent lows and manage the trade.

What do you think?

-L
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