USDJPY Long Trade RR 1:3.5

111
On USDJPY, we have a currently bullish setup, a market that has just broken the highs at 138.60 and has formed a Point of Interest (POI) within a demand zone with spike convalidation. Following the Forex48 strategy, I have set a long trade with highlighted targets.

Let me know your thoughts.

Happy trading to everyone.

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.