USDJPY Upper Channel Break, Potential Bullish Engulfing on Daily

I'm bullish since last Thursday's price action after US CPI and job data.

Still holding previous longs and moved all stop loss to 119.60 below today's low.

Just added one more small position to this long with same stop loss at 119.6.

First target is 122.30 but I have not place any target limit on this trade.

Good luck trading!

Yorum:

Forgot to mention that this pair is blessed by stock markets too.

Yorum:

We might see some EURJPY unwinding the coming asia session.
This may give some pressure to USDJPY though.