USDJPY - Retrace before the breakout continues?
The medium term view seems clear which is heading for 115 to 116 but in the short term not so much, for me anyway.
The pair is at a juncture where it can shoot up to 114 soon or it could go back to around 111.4 before the breakout resumes.
Lets see which lane she picks. For now I have a short in at 113.4 and an order pending at 114.3
Will look at potential long positions at 112.2; 111.7 & 111.4
The pair is at a juncture where it can shoot up to 114 soon or it could go back to around 111.4 before the breakout resumes.
Lets see which lane she picks. For now I have a short in at 113.4 and an order pending at 114.3
Will look at potential long positions at 112.2; 111.7 & 111.4