In the range,waiting for a decisive break this week then?

USDJPY’s been going up and down with rates,equity markets, BOJ and the expectations of a Tax proposal in the senate.
We had a couple of attempts to break, but diverging interest are just pulling it up and down. I’ve been long for a while on a base
position until what I expect will be a break topside for 115.75 , trading excesses in and out inside the range.
My base stop is under 113.20 and I added a small long on the first support 113.83 , which held nicely.
The stop for that one is very close at 113.72, take profit not to far at 114.30 and I’ll continue job the range until we see a break.
Patience having we shall.

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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