khandelwalvarun
Long

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

FX:USDJPY   U.S. Dollar/Japanese Yen
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.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out