Chart of the Day: USD/JPY

Published April 16th, 2009 - 08:46 GMT
Al Bawaba
Al Bawaba

The USD/JPY is the latest JPY pair that has found some support and started to move back up.




With the trend being up, traders should look for buy positions with protective stops placed below support. Target to take profits should set at twice that risk for our 1:2 risk:reward ratio.