As of 06/22/2015 @ 22:20 EST:
USD/JPY is an uptrend over the past year and although we expect a period of consolidation this pair is one to watch. A breakout of this consolidation period, one way or the other will warrant action.
We will be taking a long position with a break of 124.170 or a short position with a break of 122.330. Either position will have a risk of approximately 180 Pips. Targets will be 150 - 200 Pips.
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