USD is expected to remain relatively stronger against JPY. So far the price has reached the resistance level at the descending trend line that was formed since October 3rd. Today we shall look for break through of the trend line and the opportunity to take long position.
1. Take a long position at around 112.520. Take profit at 112.900
2. In case the price goes south, take short position at 112.300 to 111.870
1. Take a long position at around 112.520. Take profit at 112.900
2. In case the price goes south, take short position at 112.300 to 111.870