When USDJPY hit a low of 104.04 this evening, I realized that it created a double bottom as it hit an earlier bottm of 104.06 in the opening of Aussie session this morning.
I decided to square my position at 104.05 for a trading profit of 0.59 yen. Not too bad.
I also established a Long USDJPY at 104.15. Let’s see if we can ride the USDJPY back up to 104.80?
The Panthenon Investment Group 