Monthly Sell Setup for USDJPY March 2021

USDJPY may have either a strong bullish markup or potential bullish exhaustion for the last week of Feb 2021. In addition, the price level happened to be within a confluence of axis line and intersection of long term bearish and short term bullish equidistant channel.
107 which is near 61.8% retracement, seems an ideal level to be ready to short USDJPY.

Trade geschlossen: Stop wurde erreicht:

Stop loss hit.