Will USD/JPY revert back to rallying?

[ijason]

I’m eating it up the costs. I sold USD/JPY at 96.911, and it’s rallied to 98.24. I’m stuck at negative 135 pips. Will the pair go down again? I figure if I leave it there a month, it will. I only sold 1000 units ($.10).

[vboost]

I recon you cut your loses, the 100 is close and higher.

[brendad]

I’m eating it up the costs. I sold USD/JPY at 96.911, and it’s rallied to 98.24. I’m stuck at negative 135 pips. Will the pair go down again? I figure if I leave it there a month, it will. I only sold 1000 units ($.10).

It’s look like UJ going to drop again before continuing with the uptrend. But always stick with the money management rules and never let your losses increase.