IvanLabrie

USDJPY: Trend is up now

Long
IvanLabrie Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
I think we can be more or less sure that the trend has now turned up on this pair. I'm holding longs, although I had closed earlier, I reentered when turning up for the day today, after we made a new daily low. That was a good cue for a potential short term bottom.
I like the VIX key levels on this pair, I have talked about this in the past. For more information, check Tim West's publications.

If you're long, hold and trail stops gradually.
Good luck!

Ivan Labrie.
Comment:
Comment:
Broke yesterday's high...holding and monitoring it.
Comment:
Strong action today. Hold!
I think we might drift sideways for a while soon, but overall, bullish on this pair.
Comment:
Anticipating a consolidation in $USDJPY
Trade closed manually:

I closed mine for now. Waiting for a consolidation or correction to buy again.
Comment:
Update the chart until today and see how great the key levels here explained all the moves and bounces in the chart.

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