TheBanker

USDJPY - BOJ Chess

Short
TheBanker Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Happy Weekend Traders

Market managed to break below 101.50 earlier this week where we advised that below this level more drop may hit market toward 99.00-50 zone, as we see over the char market facing resistance at 102.00 and 102.85 where as long as market holding below one of those level more drop will be expected toward 99.00-50 zone

Above 102.85 market may sustain advance toward 104.00 level so keep your eyes on this, as well as the $DXY (attached)

GL and expect some nice movement in the pair before the leg up to 110.00 EoY

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Comment:
see other usdjpy ideas on the chart above
Trade closed manually:
-15 pips don't like this at all
Trade active
Comment:
stops at breakeven for those following
Comment:
congratulations to those who stayed along for the ride
Trade closed: target reached

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