Terence_FX

Shorting USDJPY after a missed opportunity

Short
Terence_FX Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
5
I have seen the weakness in USD and strength in JPY during the ASIAN session. I wanted to enter a short a position at 114 but the price did not retraces back to that level. As a result, i missed that trade. Going into US session, it seems that USD continued to weaken against JPY. Therefore, I decided to take short trade at 113 level. Target is about 100 pips.
Trade closed manually:
Closed USDJPY first at 50 pips profit. I will let GBPUSD Long continue to run.
Comment:
Reason I exited t 50 pips profit instead of the full 100 pips profit is because price has shown some rejection at the 112.6 level. If i dont close it, chances are it will hit breakeven. In my opinion, some profits are better than nothing.

1. Binance registration
a) www.binance.com/?ref=11926638
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