USDJPY Trade Setup (Jan 12, 2017)

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. I’ll monitor this.. It makes sense.

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