The YEN appears to start the week on the back foot after solid gains last week and we have a channel break on GBP/JPY.
I'm LONG this market from 165.04 with a STOP under last weeks Friday high of 164.74.
Target is 167 area where the 200 sma's come in and above that the monthly fib at 167.29.
I'm LONG this market from 165.04 with a STOP under last weeks Friday high of 164.74.
Target is 167 area where the 200 sma's come in and above that the monthly fib at 167.29.
Trade active:
Moving my STOP to b/e on this one. Still looking at 167.29 (38.2 Monthly Fib.) if we clear the 200 sma at 166.90 area.