Go long on a breakout on the JPYUSD hourly

Strong price action.

Trade active:

at the 12:00 bar of March 8 we closed above our breakout level.

So our entry will be long at approximately 114.207, the open of the next bar.

Trade closed: target reached:

We moved to profit target very quickly, approximately 114.607 on a single 1 hour bar, for a nice gain of 40 pips. Trade is successful.