charts247
Short

UsdJpy reversal in play.

FX:USDJPY   U.S. Dollar / Japanese Yen
38 1 1
Last week We had a long trade which was stopped out on this pair before turning around and hit our target.
This is a common theme after NFP. Sometimes we would love a bigger stop but it is better to live to trade another day than to be exposed to the volcano.
Anyway, this pair as we can see broke the momentum high 123.59. Price failed to remain above this point which means we can sell with our eyes open.
Note: The dollar is still very strong, but we cannot pass on a reversal trade.
We target 122.42 first and 121.72 in extension.
Our stop for this trade is place at the high of the move 123.78.
GLT             ...
For more info and updates follow us on twitter @ charts_247
USDJPY Below 123.00 we remain short in the pair for now...
snapshot
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out