FXWW News/USD/JPY

USD/JPY barriers: One down one to go

A large barrier at 109.75 has been knocked out so we can turn our attention to the next one at 110.00. This one will be even bigger I hear, but it seems inevitable that it too will be knocked out, maybe not on the first attempt though?

Cheap trade of the day; sell at 109.95 with 15 pip stop and 30 pip take-profit. Rinse and repeat.

 

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