USDJPY. Short, intermediate and long term projection
Updated
The USDJPY pair is tracing a strong long term reversal in my opinion, and here we have an opportunity to join the trend with minimal risk. You can go long at market, using the long term stops on chart, close to 101.2, or, take a buy stop order at 104.703 (good for the day), speculating that Kuroda's speech will take care of triggering this daily uptrend, with stop at 103.789.
Targets are on chart, good luck if you follow me on this trade.
Cheers,
Ivan Labrie.
Targets are on chart, good luck if you follow me on this trade.
Cheers,
Ivan Labrie.
Note
You can close part of the position and move stops to 103.362Trade active
We can reenter a 1/2 long position here, give it breathing room under today's low.
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