12th August – short $USDJPY on retest of support that might be resistance?

12th August - short $USDJPY on retest of support that might be resistance?

Today’s Box trade idea is a short if the $USDJPY retests and then rejects this area of previous support that failed and so might now become resistance? The Box will open a trade if price goes into that zone, then turns around and closes below the Box. Stop loss is the far side of the Box and the profit level is set at 66 pips, automatically calculated based on the average daily range.

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