USDJPY: Trend is up now Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Apr 25, 2017 1:23 AM

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.

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⋅ Apr 25, 2017 1:25 AM

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⋅ Apr 25, 2017 10:16 AM

Broke yesterday's high...holding and monitoring it.

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⋅ Apr 25, 2017 8:37 PM

Strong action today. Hold!
I think we might drift sideways for a while soon, but overall, bullish on this pair.

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⋅ Apr 26, 2017 1:12 AM

Anticipating a consolidation in USDJPY

Trade closed manually

⋅ May 4, 2017 1:36 PM

I closed mine for now. Waiting for a consolidation or correction to buy again.

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⋅ Apr 10, 2018 1:10 PM

Update the chart until today and see how great the key levels here explained all the moves and bounces in the chart.

Comments

EASYCHUA99

⋅ Apr 25, 2017 4:09 AM

HI IvanLabrie,

WHAT IS THE tp1 111 TP2 112 ?
waht is CL : 108.90 ?