FX.co ★ Tips for trading USD/JPY

The trading tips presented on October 6 talked about a decrease in USD/JPY.

The downward movement happened yesterday during the US session, and then today during the Asian session, when the quotes retested the double bottom from last week.

Congratulations to everyone who followed the trading idea! The average gain hit more than 1,000 pips. The level of 147.33 could be the next target price.

The trading idea follows the framework of the "Price Action" and "Stop Hunt" methods.

Good luck in trading and don't forget to control the risks! Have a nice day.