USDJPY Long after retracement to FIB level.After a short holiday and the fuss of the US elections and the FED decision I started looking for positions. I just entered at market buying the USDJPY at 152.68 SL 151.50 and TP 155.50.
There was an impulse wave breaking to the upside and has retraced back down to the 0.618 fibonacci level probably due to intervention comments from the BoJ
The Market seems to favour the Trump victory and this has supported the USD and stocks hence this trade idea.
P.S. I shall decide later today whether to hold this trade open over the weekend.
P.P.S. China all be releasing data over the weekend so be aware if you are trading AUD or NZD.