Get started
CompositeTrader

USD/JPY Price Action Analysis | The Next Major Uptrend

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
CompositeTrader Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators USDJPY USD jpy DJ FXCM Index dollar japaneseyen yen Forex fx
40
3
trendanalysis chartpattern indicator usdjpy usd jpy usdollar dollar japaneseyen yen forex fx
Dollar is showing strength against Japanese Yen. Even though it hasn’t broken out the Trading Range yet, the accumulation and the recent uptrend shows some sign of strength. A visit to the Demand OB shall provide the fuel for the next bull trend.

Entry: 108.1
SL: 106.9
TP-1: 109.9
TP-2: 110.9
TP-3: 112.4
R/R: 3.58

‪Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.‬


‪The ideas published here are not financial advices. ‬
Trade active
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.