The Kiwi Dollar has been pushing the Yen higher.
My previous short bias was stopped out, as the market ran straight through the bearish resistance line.
We now have a clean break to the upside, with several key levels the market will be hunting out.
There isn't a huge amount of protection to use as a stop loss guard, so this is a higher risk trade.
If we break 75.22 i will be looking at scaling in another position with a trailing stop.
My previous short bias was stopped out, as the market ran straight through the bearish resistance line.
We now have a clean break to the upside, with several key levels the market will be hunting out.
There isn't a huge amount of protection to use as a stop loss guard, so this is a higher risk trade.
If we break 75.22 i will be looking at scaling in another position with a trailing stop.