Just a note to inform that I’ve closed the balance of the USDJPY longs taken earlier
I’ve closed the balance of my USDJPY long at 112.50. I took the trade earlier on the options related move from 112.50 down to 112.17, getting in at 112.23. I took some off at 112.39 on the way up and was hoping for 112.55, as I saw resistance at 112.60.
It’s struggled to get back into 112.50 so I took the balance off at 50, even though it looks like it wants to go higher. 27 pips (bottom to top of the trade) may not seem that much but when the day’s range is around 40 pips, grabbing nearly 70% of that 40 is nothing to sniff at. It’s a bit of a chore to update trades via the blog so to follow our trades in real time, subscribe to our twitter feed @forexflowlive.