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MtxTrader
Nov 10, 2016 7:47 PM

USDJPY Bullish Election Momentum Long

U.S. Dollar/Japanese YenFXCM

Description

A buy opportunity on USDJPY will present itself if price is able to successfully break through the 107.4 - 107.5 area. The target will be at around the next area; about 110.6.

I say successfully because often times traders must watch out for fake-outs (false breakouts that see the price go back into the range it was in before).

This will happen next week, yet you can never be too prepared.
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