MY TRADE IDEA USDJPY

Jan 19, 2017

USDJPY held support around 112.39 and formed some form of an engulfing on the dailtTF...this indicates that further upside should be expected in the pair...though a fast moving pair for now the pair may not reach my initial support zone but for proper risk management i prefer that support zone because no one truly predicts the market... however a break above 114.87 without getting into trade invalidates the setup

Jan 19, 2017

Note

The pair has broken through its Resistance making new highs....this pair is known to maintain stable movement and i believe there is more room in the upside...i ll be buying on pull back