My USDJPY Jan 23-27 Trading Plan

FX:USDJPY   U.S. Dollar / Japanese Yen
A Good buy trade if price break above @115.250 with T.P.1 @116.500 and T.P.2 @ 118.198 with S.L. @ 114.200
A Good sell trade if price break below @113.990 with T.P. @112.550 with S.L. @114.800

Here are other risk events
Wednesday, Jan 25, 10:00pm PH time USA Existing Home Sales
Thursday, Jan 26 9:30pm PH time USA Unemployment Claims
Friday, Jan 27, 11:00pm PH time USA New Home Sales
Friday, Jan 27, 7:30am PH time JPY Tokyo Core Consumer Prince Index y/y
Friday, Jan 27, 1:00pm PH time JPY BOJ Core Consumer Prince Index y/y
Friday, Jan 27, 9:30pm PH time USD Advanced GDP q/q
Friday, Jan 27, 9:30pm PH time USD Core Durable Goods Orders m/m

With the recent proclamation of the new US president, it is said that the first few weeks are honeymoon stage thus it may have a positive mood in the US market which may help boost its currency. However, a word or a tweet from Trump may provide volatility in either direction.

My Long term bias is still bullish on this pair but for the week ahead, the bearish strength is yet to be tested.

This is my beliefs and you are welcome to have opposite ones. Having a plan is more important than the actual direction for me.


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