Oct 09 2018

Trade idea for the day

USDJPY: After a breakout to the head and shoulder pattern formed on hourly chart, the pair seems to take a pull back towards its breakout zone at around 113.60. RSI (14 period) is trying to cross above the 50 mark.

Our Preference: – Buy at 113.17

Target – 113.55

Stop loss – 112.98