USDJPY Trade Idea (30th December 2019)

Currency Pair: USD/JPY
Timeframe: H4
Date/Time of Signal: 30th December 2019 / 1400hrs (SGT)

Review:

For the past 2 weeks, USD/JPY has been ranging and repeatedly unable to break the Resistance level of 109.60.

With a downward momentum past the price of 109.20, Trade signaled to sell USD/JPY (Entry: 109.13) with 3 Take Profit (TP) Targets (TP1: 108.93, TP2: 108.73, TP3: 108.53) and Stop Loss (SL) at 109.43.