USDJPY - Buy (Limit Order)
Updated
Overall, the sentiment on USDJPY is mixed. While retail traders are bearish, the price action hints at potential bullishness. Further analysis is recommended before making any trading decisions.
I'm taking a long position on USDJPY at 160.475, here's why:
- Potential Upside:
There could be factors driving the US dollar higher against the Japanese yen. These factors could include economic data favouring the US economy or geopolitical tensions.
- Entry Point:
160.475 could be a technically attractive entry point based on past price movements or indicators.
I have a limit order set, risking 0.5% looking for 2.5% profit.
Entry: 160.473
Stop: 160.154
Profit: 161.954
I'm taking a long position on USDJPY at 160.475, here's why:
- Potential Upside:
There could be factors driving the US dollar higher against the Japanese yen. These factors could include economic data favouring the US economy or geopolitical tensions.
- Entry Point:
160.475 could be a technically attractive entry point based on past price movements or indicators.
I have a limit order set, risking 0.5% looking for 2.5% profit.
Entry: 160.473
Stop: 160.154
Profit: 161.954
Trade active
Trade closed manually
Closed @ 161.03 - 50 pips profit.
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