TLTrader
Long

Expected range break

FX:USDJPY   U.S. Dollar/Japanese Yen
242 1 1
This pair has been consolidating for the past 3 weeks between 97.5 to 101.5. This grass (range) is well trampled now and the pair is above the cloud; hence only longs are valid. Over the weekend Japanese election results have given further mandate to Abe's policies which favor JPY weakness. So going long @100.6060 for a first PT @ 101.80. S/L on long trigger @ 99.550.
USD weak against all currencies in the early going as risk on takes hold. Long not triggered yet.
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