USD/JPY Channel on Daily

Mr Abe Launched a Stimulus Package again, Yes Again!! and No its not Helicopter Money.
Read More Here: www.wsj.com/articles...s-package-1470121631
&
: www.ft.com/cms/s/0/d...05-4eaa66292c32.html

After the News the Yen has strengthen to 101 and trading around 101.80

Now I am Looking to Buy Some Dollars with NFP due this Friday.
So will be buying in 2 areas:

• First is a Demand Zone which is derived from previous price action.
  
  
• Second Channel Support and Important Fib Level
  

Buy in the Demand Zone Based on Price Action Signals
Stop loss will be Close below Demand Zones
Target Upper Channel


Happy Trading & Profitable Trading
Cheers!!

If my analysis has helped you plz press the like button to support
Thanks

USDJPY

Commento:

101 recaptured :)

Trade attivo:

Moe stops to breakeven guys Happy Weekend everyone