DrFaust_Official

USDJPY_longsetup

Long
DrFaust_Official Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
hello fellow traders,

quite tough to go long with USDJPY now, anyway according to the technical point of view a thin support at 99.7xx has been established; due to the fundamental point of view, traders and investor eyes on Yellen speaks this week and further stimulus planning is now set by the Japanese Government. So let's say in a fundamental point of view an high probability that JPY will be weaken and USD will be strong in the coming days.
My long level is set at the current market price and s/l at default at 99.30
T/Ps are set at two levels: 101.38 and 102.50
Note: support level at D1 is very thin:
But I take the risk, because that risk attracts me well :)
trade well!


m2m
Trade active
Comment:
20 pips more, then 1st target hit/
Comment:
1st target hit@101.380
Comment:
need some pips more for the second target.
Trade closed: target reached:
done.
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