This could swing either way- 50-100 pips should be easy
USDJPY is definitely a pair I want to be long and buy every opportunity. However the mixed movement with USD pairs makes this a possible sell trade for the short term while we wait to buy dips.
All jpy pairs look like better buys than sells but I would consider shorting this down to the weekly pivot for 100 pips. If you're not feeling aggressive, wait for dips and buy any pull backs looking for longer upper targets at 107.50.
All jpy pairs look like better buys than sells but I would consider shorting this down to the weekly pivot for 100 pips. If you're not feeling aggressive, wait for dips and buy any pull backs looking for longer upper targets at 107.50.
Jared Johnson
Union Hedge Funds
Union Hedge Funds
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