USDJPY was trading in a comfortable channel for the past couple of days on the H1 chart well below the 20 SMA… A possible breakout is on the cards with the pair mostly trading sideways for the day and the 10 SMA crossing over the 20 SMA…Expecting the price to move upwards with an initial target at 50% retracement @ 99 yens for a dollar!!!

Entry: 97.88
S/L: 97.30
T/P: 99.03

Target achieved… 115 pips pocketed!!!