A fairly straightforward trade with sellers entering the JPY at yesterday’s high. After a reversal setup, a short is taken with trend as the pair makes a lower high early in the UK session – after a countertrend move in the Asian session.
Our first target was the Asian session low, then yesterday’s low and finally our Targets 1 & 2 which were 100.46 and 100.25 respectively.
As the pair slowed down in the U.S. part of the session, we closed the trade and call it a week.
With U.S. NFP tomorrow, we hope to see a number greater than 200K.
BOE Governor Carney delivered today with a “sledgehammer” as Britain said they had plans in place for a Brexit outcome and we heard phase 1. Congratulations to him for being firm!
Good luck with your trading!
