[trader123]

The US Nonfarm Payroll report came in slightly better than analyst forecasts, with the Bureau of Labor Statistics reporting that payrolls fell by 51,000 jobs in July, above median estimates of a 75k drop.

This better than expected data has helped to support USDJPY.

USDJPY uptrend channel maintains, chances of it going back up to 108.00 at the middle of the channel is high.

I hold long position in USDJPY at 108.22, stop level at 107.20, target level at 111.00.

Trading is just like any other skill, it takes time and effort to learn this craft. If you think you can master the act of trading by just reading some books and attending some seminars, then you are in for a big disapointing. Practice is the key.