The picture in USDJPY is very one way, price has broken the down trend Lower High before retracement that failed to print a lower low. To follow the price, the obvious strength is the bullish trend and more higher prices is expected.
If price manage to decline below 111.00, we suggest closing the trade and wait for further move.
Entry: Ongoing
STop Loss: 111.00
Target1: 112.25
Target2:113.02
If price manage to decline below 111.00, we suggest closing the trade and wait for further move.
Entry: Ongoing
STop Loss: 111.00
Target1: 112.25
Target2:113.02
Comment:
Potential stop and reverse below 111.38
Comment:
Strong Bullish continuation. Stop intact, keep long.
Adjust stop loss to 111.38
WE HAVE LOCKED IN 30PIPS BY DOING SO.