USDJPY - The only option is to buy

FX:USDJPY   U.S. Dollar / Japanese Yen
490 2 14
This pair just keeps going higher and higher, its a mystery to me why anyone would go short. On one side you have the Japanese which pump trillions of yens into the system, and on the other side you have the Americans which are leaning towards a September rate hike.

Weekly divergences don't produce any real results, the pair just goes higher and higher, so my only option is to buy on any daily bullish signal. This time it was a corrective double bottom . which as of today turned both impulses green (the weekly keeps turning from green to blue).

I bought this pair heavily yesterday and today, and I have a stop for half of the position below the last swing low, and the other stop is below the strong support level at 121.800.
Very nice work. Do you have a target in mind
vlad.adrian PRO workingtraders
I don't really use targets when I go with the trend, 130 should be the first big level that I am watching.
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