Support at 100.00
A close above 1.2985 is a must over the next couple of hours. Else, would invalidate the trade.
Strategy: H1 Inverted H&S
upward bias for the day
Strategy M15 T&RT:
If this is a retracement, then I would expect there is a opportunity to go long
No rate hike. So, let's continue the ranging. Potential target around 1.3200
day trade position, open long 0.7461, target around 0.7540 which is around week open or mid of channel
Might be a good day to long USDJPY. It has been more than 5 days of consolidation, enough to build up the upward momentum.
Entered and moved stop quick to give it a shot. In order for this long to work, 1.1273 must be breached