Yen pairs have been eluding long traders and stopping out with lower lows. I believe the 116.30 we just got today is a decent entry level. When the buy impulse takes over, expect to see price reaching 121.00 soon.
About:
Ramesh is the author of his new book "Trade Forex with Confidence". amzn.to/2nKBrXT
About:
Ramesh is the author of his new book "Trade Forex with Confidence". amzn.to/2nKBrXT
Trade active:
In the trade when price touched 116.30. Normal to see price slide further but watching carefully for any sign of price breakdown - none so far. Need to see the break above 116.55 to get buying to appear.
Comment:
Would like to see price action this week breaks and closes above Monday's high. If not will bank the 380 pips profit. Glad many of you have taken this trade.
Trade closed: target reached
