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aiza_belle
Nov 15, 2017 7:23 PM

USDJPY Wait 

U.S. Dollar/Japanese YenFXCM

Description

This pair is more likely to continue ranging between 110-116 this week, but might breakout either upside or downside soon (with US tax reform news most likely triggering volatility in the near-term) and any confirmation candle past that range will trigger the buy/sell stop order with TPs at 120/107 and SL near base pivot line.

recode.net/2017/11/15/16655222/us-senate-tax-reform-silicon-valley-stock-options
cnbc.com/2017/11/15/paul-ryan-if-corporate-tax-reform-fails-companies-will-bolt-from-us.html
dailyfx.com/forex/technical/article/fx_technical_weekly/2017/11/15/Japanese-Yen-Technical-Analysis-USDJPY-Prepares-But-For-What.html
dailyfx.com/forex/analyst_picks/todays_picks/jeremy_wagner/2017/11/15/USDJPY-Bird-in-the-Hand.html


Weekly:



Confidence: A

Comment

Trade closed manually

Trade closed manually before the holiday season last year. Will create new setup soon.
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