Trade Review: USD/JPY

After a very frustrating week, we ended up a win in Friday’s pick for USD/JPY. After Fed Chairman Bernanke’s dovish testimony to the Senate on Thursday we saw US dollar selling across the board, which carried over to the European session early the next morning. The US dollar sold off sharply which cause our short entry to trigger and eventually we hit pt1 and pt2.

Lot 1: +30 pips

Lot 2: +50 pips

Total: +80 pips