trustbrokergroup

USD/JPY BUY - 06/10/2017

Long
FX:USDJPY   U.S. Dollar / Japanese Yen

The Yen fell down, then grew up and is still trading in the local consolidation below the resistance 113.20. So nothing has changed here and we still should consider opening long positions after a breakout of the resistance level. A move should be sharp and on large volume, so it will be a more accurate signal. A stop loss should be placed below the breakout volume bar. A potential of the deal is 120 pips.

The bottom line: long positions after a sure breakout of the resistance.
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.