davidleekuanyong
Long

Is USDJPY starting an uptrend or consolidating?

FX:USDJPY   U.S. Dollar / Japanese Yen
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1
USDJPY failed to create a lower low after 108.125. Shall prices able to break 109 level, I believe it may start an uptrend. First uptrend target is 109.845 while second target is 110.256. Support is pegged at 108.679.

This is not a buy/sell call. Trade at your own risk.
Comment: the market has hit 110.256 before retracing lower. Based on the latest price action I believe USD/JPY still has room to rally. First target will be the 110.256 while the second target will be 110.829 (78.6%)
Comment: market currently at 110.371. I adjusted by trailing stop to 109.300
Comment: closed position at 110.379.
Trade closed: target reached

Comments

i shifted my trailing to 109.100 to guarantee a $40 profit.
Reply
the markets has hit 110.256!
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