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:

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/