Long USDJPY into Violent Dip

28 Apr 2016 07:26 BST · Time Estimate: 5 minutes ·

Forex Daily Analysis 28 April 2016

  • USDJPY pulls back sharply
  • Long in play as ATR tripled
  • USDJPY tests key 78.6% fib
  • Still holding short SPX500

*Note - I had bought some USDJPY initially at 108.99 and then went to add at 108.57. I had accidentally exited the initial position instead of adding to it, but then immediately added. I have since added more post video. Will add more if market continues to drop today. Currently leveraged at about 3X.

$USDJPY dip looks super extended intraday. Via @joelkruger


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