Back on 8/15 We took a long position in the CADJPY with an average cost of 79.10. We sat with 3 units through much consolidation.
Our position has broken above the 80.60 resistance and held there for the last few days. Tonight is the BOJ Rate announcement and could have big impact on our trade. We will sit tight here at 80.70 with our 160 pip profit and see what the BOJ has to say.
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