vbadali
Long

USDJPY Ready for the breakout

FX:USDJPY   U.S. Dollar/Japanese Yen
82 1 4
USDJPY             is pressuring the downtrend line. 3 times a charm - We should break 104 and extend
A high angle uptrend is taking place so use tomorrows NFP to buy a dip
-Buy near 102.5 that represents the 38% retracement and gives you 75 pips risk to the downside vs 150 pips reward just to 104
-If we don't get a dip or you miss the dip wait for a clean break of 104 and enter with a minimum target of 107
Comment: Entered at 103, my 102.5 dip seemed to a bit low but everything is going.
Look for a move past 104 now
When I post my chart it seems to always move the trendlines. The top line should connect cleanly down the three circled areas.
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