Summerset

Update on Dollar Yen Longs

Long
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Expect a bounce out of any of the level-1s showing on the 30-min Chart above. Target restricted at 142-142.40.After which a head and shoulders, or double heads and shoulders begin to form at current levels for a break lower next week targeting 138/37.

On Friday, The BOJ will issue their own rate statement (-0.1) & press conference, and a higher head at 143.2/60 could be seen on that day, but trading that move warrants different entries, to be efficient, and not hold the current long for an extended period.

Profitable Trading
Summerset
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