From chart above, the buy signal triggered. The price closed above EMA8, stochastic shows bullish momentum. I made a few buy position before, but price action was going downward instead. Luckily I saw a concrete buy signal, I entered buy position again targeting 95.00. With the help of the news that BOJ will go for bond buying program, the USDJPY pair skyrocketed to 94.00 to 95.00 then 96.00 and then 97.00 as shown by chart below.
Will USDJPY pair skyrocket again this night? Probably yes, because this night the US Non Farm Payroll will be released. Hopefully, can bag few hundred pips this night.
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