If you’re a small trader this is the kind of time where it pays to be nimble.
If USD/JPY fails to break 100 for a second day, there is a chance it could head lower — and a chance it could be much lower.
If you’re long here and want to stay long, you can close out the trade and put a buy order just above 100. You’re sacrificing maybe 15 pips in a market looking like it’s having an awfully difficult time moving higher.
