Is USDJPY starting an uptrend or consolidating? Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Apr 20, 2017 5:04 AM

USDJPY failed to create a lower low after 108.125. Shall prices able to break 109 level, I believe it may start an uptrend. First uptrend target is 109.845 while second target is 110.256. Support is pegged at 108.679.

This is not a buy/sell call. Trade at your own risk.

Comment

⋅ Apr 25, 2017 3:50 AM

the market has hit 110.256 before retracing lower. Based on the latest price action I believe USD/JPY still has room to rally. First target will be the 110.256 while the second target will be 110.829 (78.6%)

Comment

⋅ Apr 25, 2017 8:24 AM

market currently at 110.371. I adjusted by trailing stop to 109.300

Comment

⋅ Apr 25, 2017 10:04 AM

closed position at 110.379.

Trade closed: target reached

⋅ Jul 26, 2017 2:27 AM

USDJPY

Comments

davidleekuanyong

⋅ Apr 25, 2017 1:08 AM

i shifted my trailing to 109.100 to guarantee a $40 profit.

davidleekuanyong

⋅ Apr 25, 2017 12:50 AM

the markets has hit 110.256!