LONG USDJPY on hourly close above 107.36

2014年10月23日

The pair is forming an ascending triangle and a break and close above should see the pair reach previous structure and 61.8 retracement confluence at 108.12.
Also traders can aim for the price to reach 76.4% retracement @ 108.77.

Trade Type: Trend Continuation (Short Term)
Price: 107.36
Target: 108.12
Stop Loss: 106.92