The USD/JPY went a nice 120 pips lower

At the moment the USD/JPY pair made a double bottom with RSI divergence up. Pre-Unemployment Claims news I want to be out. So took 120 pips of profit. It went down on the trend or 61.8 fib from the last bigger drop move.

Chart_USD_JPY_2 Hours_snapshot-20160609b

 

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Wilco van Boxtel is Chief Currency Trader & Mentor at TradeReact. He has over 17+ years trading experience since 1998. Besides currencies he knows many other markets and assets. Now he is here to educate and inspire you to be successfull in trading too. Subscribe and follow his lead.