AbhishekHSinghCMT
Long

USDJPY--Looking for 110.15--110.20 as target zone

FX:USDJPY   U.S. Dollar / Japanese Yen
22 0 3
It indeed looks impulsive structure as we are moving closer & closer above 109.30 we shall confirm that USDJPY             has started its uptrend....
Trading Strategy --One can take long positions with short term target as 109.25--109.31...once pair reaches zone of 109.25-109.31--we should book & wait for retracement in the zone 109.01--109.05 for targets 110.15--110.20. Trade with Care...Current rate -109.19.
Trade active: Just hit 109.30 high booked 12 pips (safe) ...look for retracement back in the zone as mentioned earlier for joining into bull camp & larger target. Regards,
Trade active: Wait for the zone 109.38--109.45 as possible zone for u-turn...
Trade active: Boom ...We are now long exactly in the zone as per expectation and targets of 110.15--110.20 atleast....Regards, Abhishek H.Singh,CMT
Trade active: Those who have missed shall get another opportunity of going long in the zone 109.01--109.08. Once long ..Kindly maintain strict stop loss of 108.75 for targets 110.15--110.20. Regards,
Trade active: Here we come again & this proper & better in the zone 109.01--109.08...Makes a low 109.07.....One can go long with strict stoploss@108.75...Targets shall be 110.15--110.20...Regards,
Abhishek
Trade active: Sorry for all typo errors...This time proper in the zone 109.01--109.08 Makes a low 109.07...
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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