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Killy_Mel
Aug 12, 2015 12:20 AM

FX CHART OF THE DAY: USDJPY ON THE MOVE UPWARDS Long

U.S. DOLLAR / JAPANESE YENICE

Description

USDJPY is trading above upper 1st standard deviation from weekly (120-h) mean amid expanding volatility (measured by 3.2 standard deviations from weekly mean), which indicates a clear uptrend probability.

Traders can pick longs at pullbacks to upper 1st st deviation currently at 125.00 with stops at the weekly mean (124.70)
Comments
OliverR.Evans
flopped
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