The picture in USDJPY is very one way, price has broken the down trend Lower High before retracement that failed to print a lower low. To follow the price, the obvious strength is the bullish trend and more higher prices is expected.
If price manage to decline below 111.00, we suggest closing the trade and wait for further move.
Entry: Ongoing
STop Loss: 111.00
Target1: 112.25
Target2:113.02
If price manage to decline below 111.00, we suggest closing the trade and wait for further move.
Entry: Ongoing
STop Loss: 111.00
Target1: 112.25
Target2:113.02
Note
The situation in the USDJPY is still in favour of our position. Overnight, price broke higher above 111.53 making a new high of 111.70. Our outlook still remain Bullish and breaking up towards 111.82.Adjust stop loss to 111.38
WE HAVE LOCKED IN 30PIPS BY DOING SO.
Note
Potential stop and reverse below 111.38Note
Strong Bullish continuation. Stop intact, keep long.
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.
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.