Why I’m buying USDJPY: Coleman

Ian Coleman, of First4Trading.net, explains in a technical analysis of charts why he is trading USDJPY.

He plans to buy a break in USDJPY at 117.50. His first goal is a measured move target at 119.85 and, if a break occurs, his second target is 121.00. His stop is 117.00.

Coleman features technical analysis of a selected trade every Tuesday on Trading Floor.