Starting this thread to trade USDJPY and see where it gets me...
I will post my trades and the basic reasoning behind them. I don't have a system, I have been trading for the last 4 good years. I use a mixture of fundamental & technical analysis (fibonacci extensions, moving average etc).
Any comments & inputs would be appreciated.
My first trade is short @78.17 - I think the market is testing the BoJ to see if they will defend the currency. My target is 77.55 at which point I think we will see a good jump to 79.50 area.
I will post my trades and the basic reasoning behind them. I don't have a system, I have been trading for the last 4 good years. I use a mixture of fundamental & technical analysis (fibonacci extensions, moving average etc).
Any comments & inputs would be appreciated.
My first trade is short @78.17 - I think the market is testing the BoJ to see if they will defend the currency. My target is 77.55 at which point I think we will see a good jump to 79.50 area.