USDJPY – Bullish and already long!

Written by Raul Lopez on . Posted in Trades & Analysis.

After last week’s wild movements, I think the market should move more smoothly (if the market had more steam, the Non-Farm payrolls announcement could of being a good trigger, but it wasn’t).

Here is the USDJPY short term chart:

USDJPY
USDJPY

I’m already long in the USDJPY, it was rejected from an important long term support level, and I think the USDJPY will continue its way up until it hits the next LT resistance level located at 94.66

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .
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