Short USDJPY on the daily chart

Its been over a year where the prices have ranged between 114 to 104.5, giving no clear indications. Might as well take advantage of this big range and check out the daily close below the fibo retracement of 50% @ 109.58 to give a clear path for the 61% @ 108.4. Prices currently @ 109.3, got to make a move , placing a stop @ 110.

Good luck

Komentarz:

Good morning,

The stop @110 was well placed, almost reached it yesterday with highs @109.92...now waiting to see if we could reach the target placed @108.4 by end of day!!

Transakcja zamknięta: osiągnięto wyznaczony cel:

Good Monday,

Friday's market movements against the Dollar was to my advantage as our target @108.4 was reached ! A 90 pips profit was well deserve before the weekend..

2/2