Sold USDJPY at 110.60 after daily close below 111.00 support level. USD selling is getting intense in all pair except in USDJPY so this pair has a lot of room to go further down. FIrst take profit is at 109.10 and 2nd take profit is at 107.40. Stop loss is at 111.53.
Trade closed: target reached:
the first target got hit and now price is consolidating. so instead of waiting for the second target to get hit I am manually closing the rest of position at 108.70 and will look to short again on a retrace towards 110. total profit 190 Pips