USDJPY: Update

Here's my updated view on USDJPY.
We have a few interesting resistance levels ahead, but overall, the pair is looking up, receiving a strong boost thanks to Mr. Mario Draghi's magic words, and the Nikkei rally before it.
Low volume resistance at 121.7 may halt the advance, keep that in mind.
I'm in other related trades, I'll try to balance these positions by trading NZDUSD, AUDUSD, and USDCAD.

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Cheers,

Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com

Transaction en cours:

Long already, added on retracement.

Trade fermée manuellement:

Booked profits, will reload when safe.

Commentaire:

Looking to enter today. I'll try to cover this one live.

Commentaire:

Potential 4h target if we get a long.
Not too great for now, larger timeframes look suspicious.

Commentaire:

Looking weak for now.

Transaction en cours:

Took a short trade today, let's see if it holds. Equities look ripe for a turn south.

Trade fermée: cible de profit atteinte