USD/JPY: Optionality, trailing stops and risk-off Friday by Sean Lee

Another failure to test optionality at 109.50 will have longs questioning their resolve.
A quick look at the 4-hr chart shows exactly where the trailing stops will be, namely below 108.25.
It is risk-off Friday, so we may see some of this week’s positions taken off?

The post USD/JPY: Optionality, trailing stops and risk-off Friday appeared first on www.forextell.com.

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