Long USDJPY

Shouldn’t be looking for short trades at this time. The overall trend is bullish so I’m looking for opportunities to hop on the ride up.

Institutional Banks are heavily long on USD and extremely short on the JPY.

Any move downward is just a deception to get you to follow the other 76% of retail traders that are also short (Stop Losses are above these highs).

Trade responsibly.

- Randy