USDJPY: possible long scenario
The market is still under pressure due to coronavirus and recent drop in oil prices, so risk-off instruments are strengthening.
It's better to keep in mind, that the bias in USDJPY is pretty bearish, however entering the market from 104.69 with S/L below 103.64 and T/P around 107.74 provides decent R:R and opportunity to ride a correction move.
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It's better to keep in mind, that the bias in USDJPY is pretty bearish, however entering the market from 104.69 with S/L below 103.64 and T/P around 107.74 provides decent R:R and opportunity to ride a correction move.
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Feel free to share your opinion/position via comment and follow me to stay updated.
Trade closed: stop reached
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