Risk-on sentiment is still valid, the Japanese yen is in the uptrend and there is no sign for a reversal..
Joining bulls from around 110.05-109.78 with 110.8 take profit provides decent R:R (2.73).
Keep in mind that this idea can be realized in several days and long position in USDJPY has negative swap.
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Joining bulls from around 110.05-109.78 with 110.8 take profit provides decent R:R (2.73).
Keep in mind that this idea can be realized in several days and long position in USDJPY has negative swap.
//
Follow me to stay updated.)
Note
Small mistake: USDJPY has POSITIVE swap.Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.