USD/JPY — Short Setup (position)

USD/JPYShortPosition3h ago3 views

Trade Setup

Entry Price

150.2000

Stop Loss

151.7000

Take Profit

148.0000

Risk : Reward

1 : 1.47

RiskReward

Technical Analysis

USD/JPY has formed a strong double top on the daily chart. Entry near 150.2 with stop below 151.7.

Fundamental Context

The macro environment favors short positions on USD/JPY. Keep an eye on upcoming data releases.

Trade Setup

Risk:reward is 1.5:1. Stop loss at 151.7, take profit at 148.

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