ForexClub_pl

USDJPY Longs in play with US yields support

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Hi,

a firm return from below 103.50 thanks to rising yiekds is not complete in our opinion
The combination of 'fast money' and more short squeeze can push price higher towards 107+

Risk factor: yields / market sentiment

Looking to buy on dips towards 105 and 104.4

Stop below 103.60

Target 107.20 / 30

OR

Buy on the break of 105.60 (on the retest)

Stop under 105.20

Target 107.20 / 30

Good Luck

Comments

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