2 ways to trade USDJPY

Yen is considered as a safe haven and many a times , when there are uncertainty in the market, many will scramble to buy YEN, i.e. short USDJPY.

Now, we are in a risk no environment thus benefitting the equities and bonds market. Thus, as seen on chart, USDJPY is more likely to proceed in an upward trajectory towards the gap at 110.9 to 111.

Buy when price breaks and closed above 109.59.

Sell when price breaks down from the blue bullish diagonal trend line. However, this short may be a short term correction before price moves higher, so adjust your profit targets and SL accordingly. The long short is not here yet imo.

Trade cautiously.