Until Friday’s close, I’ll be looking at one key level in the USD/JPY:
38% Weekly Retracement, 124.88
If we get a shot to buy the 125.00 handle, it isn’t a bad play. Until elected, I’ll be looking to go long from 125.09. With an initial stop loss at 124.69, this trade is worth 40 pips on a standard 1:1 risk vs reward ratio