Long USDJPY @ 94.68, SL 94.00

8.33 gmt

Ok, despite my earlier comments about this being a high-risk week for trading, I see a very good opportunity in USDJPY. It ticks all the right boxes for me:

– all the technical factors are aligned for a move up to at least 96. 94 has proved to be strong support for this pair even through the Euro crisis.

– USDJPY is the least affected by the European crisis, although there is some contagion.

– US data this week should prove supportive of this pair

Long 3 lots ($33/pip) USDJPY at 94.68. Extreme stop loss at 94.0, but I’ll be monitoring this pair if it goes below 94.30.


2 thoughts on “Long USDJPY @ 94.68, SL 94.00

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s