DanielFankhauser
Long

JPY Faces strong Support going Long on Major JPY Pairs

FX:GBPJPY   British Pound / Japanese Yen
Hello Guys ,

My last Ideas where pretty empty and lazy described. I apollogize for that but i have a lot work building a website etc.. for you guys to improve my trading and give you more knowlege.

Today i focused on JPY pairs ( USD/JPY             & EUR/JPY             & GBP/JPY             ).
In the Charts you can see JPY is facing a big Support line and all pairs where reacting the same before the market closed yesterday. They went anway from that Support. I am thinking we are facing a trend change right now and moving thowards the SMA 50 in the chart. It looks like we will get trough that and face a uptrend channel . If we dont do and we will drop we are continue the actuall trend and can set a other short position on the Support line. But i think that wont happen. So far i have 3 pending market orders.

BUY USD/JPY            
BUY EUR/JPY            
BUY GBP/JPY            

I have on all pairs a stop loss @ - 0.25% (x100 = -25%)
If we gonna hit that SL i will wait untill we broke trough the support line or we have a clear upside trend.

Good Luck trading guys !

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