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Lambert: Buying USDJPY and here’s why

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Earlier this week Clive Lambert was selling USDJPY and now he is looking to buy after a rally on Thursday.

According to Lambert, resistance is now at 119.30 and if that is broken, he will buy. His targets for this trade are 120.00 today and 120.70 into the early part of next week. The stop on this trade is below 188.95.

If you want to take a closer look at Lambert’s trade from earlier in the week, you will find it here:'USDJPY on the cusp of a drop?'