Monday, June 22, 2015

New Signal USD/JPY

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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