USDJPY at good support level and trending up

18 thg 3, 2014

USDJPY is trending up. An right now the pair is resting on an important support. So my bet is that the support will hold. The pair may go slightly below to form a nice bear trap and then will shoot up to hit followint resistance levels:102, 102.5,103 and 104.5. I will place stop at 100.6 and take profit at 104.5