USDJPY_Long Setup
Updated
Hi fellow traders,
USDJPY is facing now some very important decisions within this week, Fed will decide rate hike and BoJ will decide for a further stimulus, so more money easing; anyway, the question here is: how much will BoJ inject into the markets to devalue the JPY, and how will they do that for how long? Those questions are still remaining open and will be clearer after this week.
For me now there are some levels for USDJPY to go long, if the price will find supports at the described levels, namely at around: 103.8xx-104.2xx by tomorrow on 27/07/2016 firstly.
S/l I will set as default at 102.6xx-102.5xx.
T/p we have two price zones around 109.0xx-110.2xx
Note: Always refer your secure profit to my initial post:
Trade well!
m2m
USDJPY is facing now some very important decisions within this week, Fed will decide rate hike and BoJ will decide for a further stimulus, so more money easing; anyway, the question here is: how much will BoJ inject into the markets to devalue the JPY, and how will they do that for how long? Those questions are still remaining open and will be clearer after this week.
For me now there are some levels for USDJPY to go long, if the price will find supports at the described levels, namely at around: 103.8xx-104.2xx by tomorrow on 27/07/2016 firstly.
S/l I will set as default at 102.6xx-102.5xx.
T/p we have two price zones around 109.0xx-110.2xx
Note: Always refer your secure profit to my initial post:
Trade well!
m2m
Trade active
Long position is active today as the price did make a breakout at the described level at 104.800Trade closed: stop reached
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