jhakas
Long

UJ Buy Setup for 122 and 124 TP. Long Term

FX:USDJPY   U.S. Dollar / Japanese Yen
136 3 6
Buy Limit 120.5

SL. 118.4

TP. 122

122.8

124

125

Previous Trade Closed with 335 PIPS profit @ 121.

There will be 2 buy enteries. 1st at 120.5 and 2nd below 120 close to 119.8.



Comment: Previous Trade

Comment: Trade Active.
Comment: UJ Update.

My running positions in usdjpy

121.15

120.5

119.4

Stop Loss for all my deals will be 118.4

Nice trade, after BoJ setting negative rates I believe it will really go up to around 125. If there is good entry I will try to take it too. Good luck mate!
+1 Reply
jhakas Piet.Hein
BOJ has history of pushing uj for atleast 700 to 1000 pips upside.. everytime it speak..

Last time BOJ talked and uj went from 109.3 to 112 same day and in coming sessions uj went to 121.75... so I see same in coming sessions.. as we have strong fundamentals now backing uj for upside.. i see good enteries around 120.5 and 119.5/7... but for short time.. i would not mind buying uj from current prices as trend will continue for 122.2 and from there i see uj retracement..
Reply
good analysis mate :) I agree with everything you said! Yes last time was awesome.
+1 Reply
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