USD/JPY

The USD/JPY has been in a downtrend over the past weeks. Price has been consolidated between my Daily support and Resistance lines which I have highlighted in blue. With the release of US Non Farm Payrolls we saw the dollar weaken. The bearish candlestick suggests that the consolidation stage is over having broken through my daily support, showing more selling power. My Stop loss is half way through the bearish candlestick making this a 1:3 Risk Reward trade