USDJPY is moving lower today. During the night the pair reached its lower finding a quick support at 99.56 after the break of the upper support line at 99.78. Moreover, from the chart above, we can see that the pair is moving below SMA-100 and it has already created the 1-2-3 formation. Thus, the most possible scenario is that the next lower high will be near the 99.90-99.95. The trading idea is to put a sell limit order at 99.94 putting stop loss 10 pips higher and take profit 30 pips lower.
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