I think that usd/chf is about to move back towards 1.48 , usd/jpy looks poised to move as well .

I'm going to take the 14pip loss on the 10,000 usd/jpy short and set a limit order at 116.55 for this amount.



short 10,000 usd/chf from 1.4854, stop 1.4875, tp 1.48



The usd/chf and usd/jpy are likely to move in unison , though not by the same amount. I'm hoping to dampen my losses on the usd/jpy trades w/ gains from the usd/chf 's . I'll be sure to trim my stops on the usd/chf as its move progresses.



current trades :

L 5000 usd/jpy from 117.01 , stop 116.35, tp 117.80

L 5000 usd/jpy from 116.78 , stop 116.35, tp 117.80

L 10,000 usd/jpy from 117.00 , stop 116.80, tp 117.50

S 2000 eur/usd from .9881 , stop .9910, tp .9850

S 10,000 usd/chf from 1.4854 , stop 1.4875