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Thursday, 14 January 2016

USDJPY Technical Analysis For Your Learning : 14 January 2016, Thursday, 7.30am Singapore Time


Attached above is the 4-hourly chart for USDJPY.

Longed large contracts (non mini-contracts) on the day when I confidently said there was buying pressure on USDJPY:
http://donovan-ang.blogspot.sg/2016/01/usdjpy-11-january-2015-monday-834am.html

The buy pressure for Japanese Yen is now stronger than any market buys for USD out there. This is causing some resisting pressure for USDJPY to advance as a pair. Enforced discipline to take profits on intra-day breakdown of my trend support and not wait for ¥121.00 target anymore.
Above are the profits in (¥) Japanese Yen.
Below are the profits converted into SGD.


Profits in this trade:
 +1,660,000
(+$S 20,958 SGD)

Cumulative:
S$10,114 + S$20,958
= +S$ 31,072 SGD

Trading Journal:


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