piptank
Long

Long position on Yen $USD $JPY #ECB #forex

FX:USDJPY   U.S. Dollar/Japanese Yen
198 0 1
Simple long position based on technical support line.
Fundamentals view:
ECB announced their QE program today.
Buying 60 billion euros worth             of assets per month, 1.2 Trillions in Total.
Start March 2015 presumably end in Sept. 2016.
ECB says they will keep buying until Inflation rises.
Normally it means long USDJPY             and short EURUSD             .
Entry 118.26
TP1 119
TP2 121
SL 115.75
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