AbhishekHSinghCMT
Long

USDJPY- Another Buying Opportunity above 109.32

FX:USDJPY   U.S. Dollar/Japanese Yen
49 0 4
As previous updates - 108.74 crucial level discussed yesterday gave us buying opportunity & we are good in pips. The rise from 108.76 looks impulsive & If crosses 109.32 could be opportunity to add longs & going above 109.48 can give us confidence for bullish scenario. Regards
Trade active: we could see target as 110.30--110.40 if crosses above --we can look out for 110.40--111.50. Regards,
Abhishek
Comment: Next Target above 110.30--110.40 is 111.40--111.50.
Comment: All dollar pairs will make you crazy...look at USDCHF since the time we went long in USDJPY....USDCHF ...(Bulls are playing the game)...Vow
Trade active: 108.74--108.76 is strong support zone.
Trade closed manually: We shall book at previous high@109.48 or close by (16 pips) and exit.....as prices going below 109.18 can take us to new low@108.45 --108.50. Thanks & Regards
Comment: Overall I am bullish for larger targets as mentioned earlier 110.30--110.40 & 111.50 but a possible correction to 108.45--108.50...so this whole setup is bullish. I am trader so i will look to add at every retracement
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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