Monday, October 22, 2012

USDJPY Horizontal Resistance

After a great move, USDJPY has encountered horizontal resistance area just below 80 figure. At this point, I am booking my 2 long positions. More details [here]. Thats a good deal of profit. I went long around 78.05 figure and again at 78.80.



myfxvoyage.blogspot.com USDJPY Trade
USDJPY M15
On M15 chart, USDJPY got stalled at horizontal resistance area. Looks like its looking for a correction after 8 days of continuous UP move. 

I will be looking for another opportunities in this pair to go long again.






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