Killy_Mel
Long

FX CHART OF THE DAY: USDJPY MEAN REVERTION TRADE

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             is breaking back into the 1st st             deviation from weekly mean amid compressing volatility (measured by 3.2 st             deviations from weekly mean), siting high probability to reach the mean itself @ 120

Traders can take long positions at the lower 1st standard deviation @ 119.625 with stops below relevant lows @ 119.17

Traders should also mind JP             news coming out 0:30 UTC
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