Eddied01

USDJPY - Retrace before the breakout continues?

OANDA:USDJPY   U.S. Dollar / Japanese Yen
The medium term view seems clear which is heading for 115 to 116 but in the short term not so much, for me anyway.
The pair is at a juncture where it can shoot up to 114 soon or it could go back to around 111.4 before the breakout resumes.

Lets see which lane she picks. For now I have a short in at 113.4 and an order pending at 114.3
Will look at potential long positions at 112.2; 111.7 & 111.4

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