After steadily rising over the past several weeks, USD/JPY appears to be preparing to resume its broader downtrend. The pair failed to make a new high recently, and price has dropped to its most recent low. I'm going to be looking for it to break through support and travel lower.
Order = Sell Limit
Limit Price = 102.562
Stop Loss = 105.442
1st Profit Target = 99.682
2nd Profit Target = Let it ride
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