NFP Levels: Long Limit Order USD.JPY

FX:USDJPY   U.S. Dollar / Japanese Yen
63 0 1
Hey traders,

I am looking for a long on USD.JPY, my reasons:
Technically, we are in a range, but the last bullish moved looked rather impulsive and it looks like the bulls are trying to base for a push above the range.

Fundamentally, it looks like yen is breaking down, looking at EUR.JPY, and GBP.JPY, they are all losing ground. In addition BOJ, is always trying to weaken the yen.

So looking at the current attempt to base, it looks like bulls are losing ground so I am looking at one S/R level to get long, with a stop loss right under the base, looking to hold this one to see if it can break through.
I dont think NFP matters to much given the FOMC dovish comments we can really only go up in sentiment for the US dollar             .

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out