I am still just going to let the trade do it's thing until it at least reaches my TP2 and then I will decide what to do.
I had posted about this pair after it had completed the initial which bagged me pre and post-FOMC a nice +172 pips profit. (see Related Ideas: "UPDATE #1:QUICK ANALYSIS: USDJPY: Scenario #1: Triangle (+172)").
This chart was posted 12 days ago in which I said that there was a good possibility that we would continue to see a longer sideways consolidation:
Well, that is EXACTLY what we got. More sideways consolidation. Here's the updated chart for comparison.. I removed the green as it was no longer relevant for clarity:
Anyway, I'll be looking more at this pair to see if any changes in my outlook need to be made.
Have a good weekend and RELAX!
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