Bullish sentiment based on price action. This is completely backwards when taking in to account exceeded expectations of JPY consumer confidence and a miss on AUD retail sales. Entry is over resistance on 15min and hourly chart. 1/2 position entry due to discrepancies in trend and news. will look to enter 2nd position around 86.00 once bullish trend is confirmed.
Long entry on break through resistance of 5 min chart. Very short term position to take advantage of bullish pullback. USDJPY seems to be getting over extended, but still very risky considering news which weakened USD. Broke over 20 & 50 SMA on 5 min chart. SL at 115.2, will move to BE quicker than usual due to risk of bearish movement
Entering long on full position at 144.3 just above resistance on pullback. Entry will be above 20 and 50 SMA on 15min and hourly chart. Stop loss of 70 pips at 143.6 just below 2nd point of resistance. GBP has shown 1-2 months of strength over JPY, pullback was expected, bullish trend should continue.