USDJPY

Follow up chart
Its a free trade 70 pips profit and still ongoing

Nice HH & HLs on daily

I have order to open long at open on break above last high

Worth a long on a first attempt of trendline with tight stops of 40 points or if your braver then below nearest support.
This level has 2 convergin supports near by so hopefully will bounce on first attempt.


dl.dropboxusercontent.com/u/4899609/jpyusd6thmay2014.png

Nomura's TA take - Not my view

Nomura's take on the dollar yen


I'm not advocating it

Just a messenger

Dipped back into this trade yesterday, but soon lost patience with it and took £26 for my wasted time

Could have been worse, the Yen Cross is (in)famous for losing cash and shirts too.

Anyway, please find attached Nomura Bank's technical take on the USD/JPY.

Good luck folks.