For years I trade GBP USD only , but sometimes I analysis other pairsI think the best way to make profit with USDJPY is wait until it rise then sell with small stop loss ... just follow the major trend
Sorry for my bad English
The USD/JPY broke the key resistance at 110.00 ahead of the
key event of the week. Next challenge comes with February’s high at 110.48, which according to the indicators on the four
hour time frame is achievable.
The USD/JPY is trading around 110.40, not
much changed for the day and below the daily high. According to the indicators
ont he four hour time frame the upside remains favored despite the lack of
stong bullish momentum. The pair is situated above the 61.8% Fibo and the 100-day
and 200-day SMAs.