USDJPY short-term trading opportunities (>2 risk/reward ratio)
Happy Friday folks!
First of all, congratulation if you have taken my last trading idea for EURUSD, you are enjoying at least 100 pips profit :)
Dollar index is quietly setting up an upward momentum with its weekly chart. It is currently trading @ 94.50 while I'm writing this and slightly breached the weekly 20MA @ 94.3
The weekly chart RSI, MACD, Stochastic are all showing strong upward momentum. A confirm break this week and stay above 94.3 will further boost the dollar index to the next resistance @ 96.1. This implied all non-USD pairs will suffered.
Short-Term ideas
Pair: USDJPY
Action: Buy break @ 105.60, TP @ 107, SL @ 105
Enjoy!
First of all, congratulation if you have taken my last trading idea for EURUSD, you are enjoying at least 100 pips profit :)
Dollar index is quietly setting up an upward momentum with its weekly chart. It is currently trading @ 94.50 while I'm writing this and slightly breached the weekly 20MA @ 94.3
The weekly chart RSI, MACD, Stochastic are all showing strong upward momentum. A confirm break this week and stay above 94.3 will further boost the dollar index to the next resistance @ 96.1. This implied all non-USD pairs will suffered.
Short-Term ideas
Pair: USDJPY
Action: Buy break @ 105.60, TP @ 107, SL @ 105
Enjoy!
Related publications
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.