DRodriguezFX

USDJPY Moves in fits and starts

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
3
The USDJPY looks to be finally breaking out of its range. I wrote about my trade preferences here: www.dailyfx.com/fore...us-Japanese-Yen.html . Put simply, when the USDJPY goes it really goes. Given the overall uptrend I think it's reasonable to expect a test of 125.70 at which point we might trail our stops and look for further gains.

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