USDJPY was a rocket

 

As I said USDJPY should bottom out near 89.30 and it never broken even the low of my entry range 89.10 (day’s low was 89.13).

So I am in the trade since 89.299 and currently holding my positions at 89.90 while it traded above 90 for couple of minutes and poised to break 91.50 in no time.

Read this for more why we entered this trade.

http://blog.vikasverma.com/2010/01/usdjpy-should-bottom-out-near-8925-8910.html

Trade Update: I finally got out of USDJPY long as it possibly completed the wave, although there are further chances for it to go higher but risks have increased.

Booked out with 80 pips profit @ 90.10 , was long since 89.30