FX:USDJPY   U.S. Dollar / Japanese Yen
137 3 1
Got long based on price action on the 1 minute. So far the uptrend on the 4 hour and daily is still in tact. Let's see how far this goes.
G'day. Still long?
I entered also but the trade seems to have stalled.
There is a clear channel to the upside and so it could reach 16.15 or higher...
A nice trade if it gains traction.... but this time of the year is rather erratic... so lets see what happens...
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johncarter_oz johncarter_oz
Channel on the daily chart... see it here:
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MeasuredMove johncarter_oz
Sadly I got shaken out. I am a bit cautious as the market seems to be indicating 'risk off' mode which might not be so great for UJ. But I will be looking to take smaller bites out as the market moves. Friday's close was right at a potential failure zone for this long - technically for my system I should be looking for trend failure and entry short. Will see how market behaves at open on Sunday night.

See my full thoughts here:
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