USDJPY dropped over 100 pips, after Trump’s press conference. Then we observed 50% pullback. Thus, let’s wait for the next Sell opportunity, aiming for 138.2% (113.25).

Currently, as you can see on M15 chart, the price is moving up. I would like to wait until 21EMA or R.R. point to sell.

USDJPY M15 chart

3 thoughts on “USDJPY Trade Setup (Jan 12, 2017)”

  1. Joe urban says:

    looks good, – waiting

  2. Malesela Nkwe says:

    I’ll monitor this.. It makes sense.

  3. Marc Frommhold says:

    Welcome back YJ. Hope you are very well and life is pretty cool!
    Good to see you here again. 🙂

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