USDJPY: Good For The Long Run

The Dollar-Yen moving above the 20MA and 100MA but with the 200MA Still indicating sideways direction, the potential move is to go long i target of the red circled area(The 200MA) as a likely take profit if the 200MA does not correct towards the direction of the buyers. However, keeping track of the trend line in the chart and keeping a trailing stop loss just below this line is a good buy setup for buyers.

Moreover, keep your heads up and get out of any position ahead of economic reports on the unemployment rate and the employment non-farm payrolls report.

Furthermore, to be conservative, keep your take profit level below the 50.0% fib level and the other way around for aggressive traders: good luck and Goodmorning.