The808Trader

USD/JPY Long Ichimoku Trade Idea

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
On the daily, price is still running in the cloud, indicating we're not quite sure which way the long term trend will go. That being said, there is still room for price to move to the upside here. I am looking for a buy off of support at the cloud or kijun sen. I'll target just below the previous high, but I may just close half the position there and let the rest run with a stop loss moved to slight profit. If our bullish confirmations change then this trade will be invalidated.

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