USDJPY moves up on positive Asian sentiment
Asia has seen a rekindling of sentiment for the USD over the JPY this morning with gains above the 13 and 50 day average rates. This has left a bullish bias to signals.
Management and risk description
Ichimoku Cloud Cover is close by so allow room to buy the dip. Raise the stop to the entry point if the first target is met. Targets may be updated as the day progresses.
Entry: Buy at market and 102.56, today's open in Asia.
Stop: 102.30, a 50% pullback to this week's gains.
Target: 103.81, the September 6 high and 104.32, September's top.
Time horizon: Today only.
— Edited by Adam Courtenay
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