FX:USDJPY   U.S. Dollar / Japanese Yen
Higher highs were made. The sell fakeout trapped the breakout traders as well as tapped out those trailing stop losses for the active buyers. Potential for entry on the pullback. Set alerts on the retracement area and chill for the rest of the day. Friday today with still upcoming US news later. Manage risk accordingly.
Trade active: Manage risk at this time. Closed half of the position at 109.924 as price overstayed its welcome in my area of interest for a while now. Given the upcoming NFP, less likely for it to have volume to move until news release which might stop out this position until then.
Trade closed: stop reached: Remaining half position stopped out from NFP News.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.