Market watch – $USDJPY 11-09 -2016

Every week a new trading opportunity !

On our market watch today is USDJPY. The pair had a strong intra day bounce from lower range level 100 and is now extending upside to reach again strong resistance zone 105.530-106.640. Buying is recommended only in case of a clear break above 106.640 level.

Recommended trade size 0.10 unit (minimum lot), or adjusted to your risk profile and money management.

Preferred trading strategy   pending buy stop above 106.640 with the SL at 105.300.

Happy trading! (click on the chart to enlarge it)

usdjpy trend following strategy

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