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FXWeapon
Oct 13, 2014 12:25 PM

$USDJPY Long Long

U.S. Dollar/Japanese YenFXCM

Description

Again, anticipating any bout of USD short covering following the recent sell-off, I will position myself bid USD against yen @ 107.52. Targets and stops will be close as this is only targeting a reversal of the most recent down leg.
BE target @ 107.74, and SL 107.31.
This set-up will be cancelled should we close below 107.09 on a 10min basis before we reach entry.
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