For this week, I seems like to trade the USDJPY pair as it already caught my attention twice. It's being bullish, initially breaking the 106's level and now breaking the 108's level. The Dollar now trading hands against the Yen at 108.02 as of this writing. Now here is my initial strategy for entry:
My entry based on the last hour calculation at 9:00 am New York is 107.45 with a tight stop 30 pips below. My target is generally twice of my stop. But since the pair now trading well above 108's level, I will be assessing my entry point, until such time I can see some retracement in my 30-minutes chart.
I will update again as it happen. Happy trading guys ;)