GlobalMacroGuy
Long

Adding to Long USDJPY on NFP breakout

FX:USDJPY   U.S. Dollar / Japanese Yen
29 0 0
I think today's NFP was a wake up call to those who were disinterested in USDJPY             for the past 6-8 months.
Therefore, although it is difficult psychologically to add to trades after a big run up, that is itself one reason why its profitable to do so when the reasoning checks out.

I have added around here and will do so in small every 50 pips on the way to 1.24 initially and ultimately up to 132.

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