USDJPY short entry after valid trend like break

24 בנוב׳ 2015

USDJPY was unalbe to break higher in November and retreated from the 123,50 level as BOJ doesn't increase its bond buying program. There is a clear trend line break on the 4h chart, natural stop loss level is close for a good risk -reward short trade. Previous high and moving average give my target for the trade, moreover the real driver of the pair EURUSD seems to get lost its momentum.