USD/JPY - "Wax Off" 2

Short at 120.83, SL 122.00, TP1 116.30

Rationale for short view:
- Touched and just under broken bullish trend line (green)
- Running into resistance at bearish TL
- Daily stochastic over 80
- Resistance around 121.7
~ Month of Aug range 0.618 fib
~ Highs in Dec 2014, Mar 2015

Trade geschlossen: Ziel wurde erreicht:

TP1 reached