Sell on a level breakthrough of 121.76 with 120.84 target. Stop loss = 122.30.
Reason for the trading strategy
Today's drop in the Nikkei 225 index by more than 3% reflects the investors' withdrawal in favor of the quality assets such as the yen. The uncertainty about the economic growth prospects in China and the Greek debt problems will continue to put pressure on the USD/JPY pair.