Buying USDJPY for a new high in the pair.. stop loss at 104.5

FX:USDJPY   U.S. Dollar / Japanese Yen
59 0
Kuroda is failing miserably in his goal of having a weaker JPY. The BoJ will start intervening and come in all guns blazing to weaken the JPY.. The fed will remain less dovish than the BoJ at all points in the foreseeable future. From a technical perspective, I think the USDJPY is at a very important technical support that was twice recently.. and almost 10 years ago. The monthly chart seems like a very interesting inverted head and shoulders pattern. This offers a very attractive entry point from where a long position in be scaled in to.
Trade active: Stop loss should be moved to cost now.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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