Sell on a level breakthrough of 112.01 with 111.50 target. Stop loss = 112.51.
Reason for the trading strategy
After a very mild statement made by J.Yellen, the US dollar continues to trade at its lows against the yen. The ADP statistics on employment in the US private sector, which increased by 200 thousand with a forecast of 195 thousand in March (the figure for February was revised form 214 thousand to 205 thousand) has contributed to its upward adjustment.