Get started
U.S. Dollar / Japanese Yen
Long

Short Term Bullish idea for USDJPY

By talenttrader
Updated
USDJPY

Short Term Trade Idea for USDJPY
Play a long towards 109.37 (1st target), even 109.82 (2nd target).
Stop loss at 108.400
RSI indicator also holding above 40% support level.

Alternatively, if price breaks below 108.400, there presents an opportunity to short towards 107.75 (alternative target).
107.75 also happens to correspond to a key Fibo level.
Trade closed: stop reached
Trade closed: target reached
So i reversed my trade the moment price crossed below 108.400.... Made a slight profit despite having my original trade make a loss.
chartsForexinvestmentMultiple Time Frame AnalysisOscillatorspipsTechnical AnalysistradingTrend AnalysisUSDJPY
talenttrader

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.