USDJPY Ready for the breakout

USDJPY is pressuring the downtrend line. 3 times a charm - We should break 104 and extend
A high angle uptrend is taking place so use tomorrows NFP to buy a dip
-Buy near 102.5 that represents the 38% retracement and gives you 75 pips risk to the downside vs 150 pips reward just to 104
-If we don't get a dip or you miss the dip wait for a clean break of 104 and enter with a minimum target of 107

Kommentera:

Entered at 103, my 102.5 dip seemed to a bit low but everything is going.
Look for a move past 104 now