USDJPY

Ignore my question as I bailed out for a small profit as it wasn't sitting comfortably with me - was a good choice in the end!!

Thanks
CT79

Hi Remo,

This is my first trade on currencies, after that sudden spike I'm in now at 8269 but wondering where you think the stop should be best placed after such a sudden movement?

Due to the sudden movement, just making me a bit wary??!!

Thanks
CT79

Theres a nice flag Pattern on this currency pair.
This is a continuation pattern and normally a sign of strength to come.
If this breaks out past 8268 then id expect the cup and handle formation to complete.
This target is 84.17 so about 150 points potential.



DYOR

Here's a weekly view on this pair showing the importance of the 84.178 resistance - it's the previous high (left side cup rim) and also a major downtrend resistance will be there in a week or so:



(Can't post a link this time...)

fingers crossed it works this time

ups, wrong chart posted earlier, here is the right one,