Newmount_Trading_Exchange

USDJPY Long If breaks Monthly Resistance, Short if Cannot break.

FX:USDJPY   U.S. Dollar / Japanese Yen
Our overall sentiment is Short USDJPY             , we expect this to run down to around the 102 level by the end of the year, however we are looking at optimum entry points to achieve this.
We are looking to go Long USDJPY             if it can break the previous monthly Resistance level of 109.976, and expect a run up to the daily Resistance level of 111.995.
If the market opens bullish but fails to break the Monthly Resistance level we will be looking to short at 4hr Resistance, and expect run down to Daily Support at 107.145.
Trade active: Sell order Triggered at 109.679
TP 107.145
SL 110.189
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