USDJPY targeting 118
According to the analysis by FX engineers in 2 leading banks..USDJPY going for 118. Actually, I'm not so sure...US economy doesn't look very hot now. Just that the report feels that the flows are oversold. But think it's quite possible to gun for 117.8.
On 11 Oct, bought at 117.358, hit take profit on 15 Oct at 117.8. Made decent profit.
Just took a look at the market, bought on 15 Oct at 117.357, taking profit at 117.587, no stop loss. Depending on market conditions, I might change TP level.
Also shorted USDSGD at 1.464 TP at 1.45, no stop loss. This should pan out in the long run (I'm from Singapore, the government gets what the govermnent wants), I might change TP to 1.44 if it's close to TP within the next 2 days. The "real" target for USDSGD till year end is 1.43
