Selling USD/JPY
 
Hey gang, just a quick note... 

just sold some USD/JPY at 108.87 -- I'm putting my SL at 109.40 and leaving the profit target open for now.

The 100-SMA on the 15-minute chart isn't far above current PA. So I like that for providing some potential resistance. 


We're also clearly in a downtrend on both the 15-minute and 1-hour timeframes.


I'm keeping this position smaller though since I'm already long Yen via GBP/JPY shorts.