USD/JPY 78.60% fib retest rejection, then into -27.00% (106.351)
Idea illustrated above for a possible Double Top on UJ Best of luck
USDJPY has been in south range scenario over the most recent couple of months as it struggled with going underneath the equality level ( parity level:) The USDJPY has pushed above trend line resistance just yesterday @ 102.0 level which equals to more bullish possibility. Hang on tight 'cos higher we go!
The best Idea to play BOJ and FOMC from a risk-averse perspective is to own both in a Long Straddle Strategy Dynamic Straddle: Long USDJPY & Short GBPJPY - TP from volatility & Event likely hoods TP levels = cannot be greedy else you may miss one trades exit point so <25 pips when it goes in your direction for each - total TP = 50pips as 2*25pips Reasoning...