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Call update - USD/JPY target hit, book partial profits, further downside likely

Our USD/JPY call (http://www.econotimes.com/FxWirePro-Yen-back-in-demand-good-to-sell-USD-JPY-rallies-around-11720-target-11660-146064) has achieved targets. We recommend booking partial profits, further downside likely,…

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Call update - USD/JPY target hit, book partial profits, further downside likely
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  • Our USD/JPY call (http://www.econotimes.com/FxWirePro-Yen-back-in-demand-good-to-sell-USD-JPY-rallies-around-11720-target-11660-146064) has achieved targets.

  • We recommend booking partial profits, further downside likely, price could test 115.85 levels.

  • Book partial profits, lower trailing stops to 116.50, target 115.85

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