USDJPY has plenty of tech up around 113.00
I’m really liking the look of all the tech hanging around from 112.93 to 113.00. Just to recap, we have a bundle of moving averages all sitting at 112.93.
Throw in the usual offers that will be sitting ahead of 113.00 and I’m rally itching for a short if we go there. The only worry I’ve got is that we’re spending most of our time watching paint dry as far as this pair goes and I don’t want to be sitting in a short and find I’m picking my nose until the NFP. That said, I’m only looking to job it so I’d happily take 10/20 pips on it.
I think I’ve made my mind up so I’m going to sell small at 112.90 and a bit more closer to 113.00. I’ll look at a stop just above 113.20.
Any thoughts from the readership?
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