Nice re-test of the support level post the ADP jobs data which was good for the dollar. But this is a solid support and technically a good entry point. Stop below the range lows and use the Ichimoku to ride the trend for a bit.
Comment:
entry was around 1.2742, it is already up around 10 pips. Also the GBP/JPY pair looking like the break out is about to happen. Interesting to see, pound longs are really piling on
Trade closed: stop reached:
that hit the stop loss pretty quick !