Here we are bang on that juicy breakout point at 107.00

 

I’ve been playing this pair to the long side since last week and hoping for a push . I haven’t got any particular target in mind if we were to see further strength from here.  Judging how well the fibs have been working, a trip up towards 108.50 cannot be ruled out  We need to gauge the strength of any such follow through.  USDJPY has been running on risk and in lockstep with equities . So we may observe further clues from these as we enter the coming sessions   — Price at time of writing 106.95

Mondays chart set out my plan – read the post here .  Chart reposted below ……

 

 

USDJPY H4

 

Todays chart ……

 

 

USDJPY-H4

 

 

 

Horatio Dubsly

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

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