FX.co ★ Trading tips for USD/JPY

Previous trading tips in USD/JPY indicated a possible increase in prices. Yesterday's movement supported this, especially since the pair closed with a pin bar.

The best move in this situation is to take long positions as that could prompt a rise of as much as 6,000 pips.

This is really appropriate considering that the pair is still forming the third wave of the ABC pattern.

Take long positions and hold them up to:

1. 35.6

2. 140

This trading idea is based on the "Price Action" and "Stop Hunting" strategies.

Good luck and have a nice day!