This pair has been consolidating for the past 3 weeks between 97.5 to 101.5. This grass (range) is well trampled now and the pair is above the cloud; hence only longs are valid. Over the weekend Japanese election results have given further mandate to Abe's policies which favor JPY weakness. So going long @100.6060 for a first PT @ 101.80. S/L on long trigger @ 99.550.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.