USDJPY POTENTIAL BUY 60 PIPS
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Good Evening Traders... Marcel checking back in.
Today our analysis is a continuation of last week's analysis on USDJPY with the overall trend being Bullish.
Today my analysis is that we will retested to this 109.550 region through the Asia and London session and during the start of NY session the price will shoot looking to set a new previous daily high as the JPY Index did not have a good day and USD will be coming strong tomorrow out the gates because of the Federal Holiday.
If you look at the previous post, it will show you how price has risen over the last week or so and has broken our past weekly support of 109.550.
Price has also broken out of my diagonal trend line and at this point is just acting as resistance and good signs for entries.
I have a TP set for 110.100 region which is 60 pips, this trade hopefully should fulfill by end of NY session. Stop Loss is tight at 109.450.
This is a 6:1 RR set up.
If stop loss is hit, will re-enter trade still based on analysis.
As always, good trading!
Today our analysis is a continuation of last week's analysis on USDJPY with the overall trend being Bullish.
Today my analysis is that we will retested to this 109.550 region through the Asia and London session and during the start of NY session the price will shoot looking to set a new previous daily high as the JPY Index did not have a good day and USD will be coming strong tomorrow out the gates because of the Federal Holiday.
If you look at the previous post, it will show you how price has risen over the last week or so and has broken our past weekly support of 109.550.
Price has also broken out of my diagonal trend line and at this point is just acting as resistance and good signs for entries.
I have a TP set for 110.100 region which is 60 pips, this trade hopefully should fulfill by end of NY session. Stop Loss is tight at 109.450.
This is a 6:1 RR set up.
If stop loss is hit, will re-enter trade still based on analysis.
As always, good trading!
Dagangan ditutup: hentian tercapai
stop loss hit.. we are now in a brief moment of consolidation
Penafian
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