USDJPY: In case there was any doubt...
Updated
I have been posting about how bullish the USDJPY pair is, and how this aligns with inflows coming to the US, from foreign countries, ergo, deleveraging phase from August 2015 is done and we can resume the uptrend here, and possibly in equities.
You should be long, if not in, you may jump in right here, risking 1-3 average ranges down, or a drop under the invalidation level on chart.
Good luck,
Ivan Labrie.
You should be long, if not in, you may jump in right here, risking 1-3 average ranges down, or a drop under the invalidation level on chart.
Good luck,
Ivan Labrie.
Note
Great progress right off the bat as expected, when European investors joined the fray.Note
No heat whatsoever if you took the long when I posted here.If you joined me earlier, you're well in the money too.
Note
Luckily stopped for almost no loss. (had moved stop up)Trade active
I bought back today at 103.1, and back up already.Note
Closing here is a good idea. If not, close partially and move stop to entry.Alternatively, you can trail stops under the previous day low until you're taken out, or using a 10 period moving average of the lows.
Note
(Price hit the 252 period SMA and is close to the original weekly target at 110.14)
Note
Weekly target hit, let's watch it. It might stall or start a pullback soon.
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