Look for a potential pullback on 
USDJPY. A lot will ride on the US GDP figures out later today. If there is a surprise in the figure and it comes in under expectation, then we will see this set-up take form. Keep an eye on this chart throughout the day to see if we get a break of 113.950. We will look to go SHORT at 113.940 with a target of 113.550.
ENTRY
113.940
STOP LOSS
114.400
TARGET
113.550
Published on 10/27/17
USDJPY. A lot will ride on the US GDP figures out later today. If there is a surprise in the figure and it comes in under expectation, then we will see this set-up take form. Keep an eye on this chart throughout the day to see if we get a break of 113.950. We will look to go SHORT at 113.940 with a target of 113.550.ENTRY
113.940
STOP LOSS
114.400
TARGET
113.550
Published on 10/27/17
Trade closed: stop reached
Trade Initiated just beneath 113.950, with the better than expected GDP we saw a boost and our SL was too close. Stopped Out
Bummer - because the drop did come - if our stop was a touch higher - we would have been just fine.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.