{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdjpy-wind-up-recap\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdjpy-wind-up-recap\/","headline":"USDJPY Wind Up Recap","name":"USDJPY Wind Up Recap","description":"Earlier this week we posted about the USDJPY being in a range. In that post we discussed the\u00a0likelihood\u00a0that price would make a break higher and move\u00a0aggressively\u00a0to the next resistance. To read that post see here: USDJPY Winding Up On the daily chart of this pair we can see that price has now broken out of […]","datePublished":"2012-12-14","dateModified":"2019-08-04","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/12\/free.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/12\/free.png","height":"349","width":"641"},"url":"https:\/\/forexschoolonline.com\/usdjpy-wind-up-recap\/","about":["Price Action Charts in Focus"],"wordCount":161,"articleBody":"Earlier this week we posted about the USDJPY being in a range. In that post we discussed the\u00a0likelihood\u00a0that price would make a break higher and move\u00a0aggressively\u00a0to the next resistance. To read that post see here: USDJPY Winding UpOn the daily chart of this pair we can see that price has now broken out of the range it was trading in, and has moved significantly higher. Traders who were long in this pair on the break out, have now been rewarded by being able to take profit off, or at the minimum protect capital by moving to break even (zero risk trade).Price is now in a clear up-trend and the best play is to look for any weakness as possible retraces in this trend. If we do get weakness and price retraces lower, traders could be presented\u00a0with a chance to get into a trade from a\u00a0value\u00a0area. USDJPY DAILY CHART – 14 DEC 2012  "}