USDJPY / H4 / Daily Forex Technical Analysis / 3.28.2019

Hello Traders, welcome to the DAILY Forex technical analysis . Today is March 28th, 2019 and we will be taking a look at the U.S. Dollar against the Japanese Yen. Looking at the 4 hour time frame we can see the we have rejection at the 110.867 support and resistance area. With that small precipitous drop in mind we will be looking for another move up towards the 110.867 area and act as resistance setting us up with an entry! Entering a short position at 110.867, with a set stop loss at 111.284, and a take profit area of 110.005 on the money gives a great 2:1 R/R set up. Have great day and good hunting out there traders!