ridethepig

ridethepig | USD with the trump card!

Long
FOREXCOM:USDJPY   U.S. Dollar / Japanese Yen
Will try to keep this one short and sweet.... a strong move from buyers here is decisive, sellers have given up their parry and have really been outplayed ... you should never be a slave to one side !!!


The tempo is clearly in favour of bulls.

The immediate threat is 114 with 118 above. Consider that above 118 there is very little in terms of resistance and will allow bulls to control all the way up till 150. A tactical fines, once thought that risk-off flows would be preventive, has been uncovered that USD is the ultimate haven and JPY is at a disadvantage.

As usual thanks for keeping the feedback coming...

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