FxWirePro
Short

Sell USD/JPY rallies around 121.50, SL: 121.80, TP: 121.10

FX:USDJPY   U.S. Dollar/Japanese Yen
405 7 7
Greenback broke out of its 120.00-121.50 range against the yen yesterday, to reach a two-month high of 121.72 after Yellen signaled Dec             rate hikes

USD/JPY             is off overnight highs, is currently trading at 121.49, around channel top at 121.48, with supports on the downside at 121.10 (200-DMA) and then 121

Convincing breaks above channel top at 121.48 can take the pair to 122 levels, host of vanilla option expiries at 122.00 (USD727 mln) could attract

However, investors are reluctant to push the pair much higher ahead of the release of US Non-farm Payroll data next Friday

Daily Stochs are at overbought on the verge of a bearish crossover, correction lower likely

Recommendation: Good to sell rallies around 121.50, SL: 121.80, TP: 121.10
pete_hef
a year ago
It seems you have currently TWO trades runing for this pair: One long and one short?!
Reply
FxWirePro PRO pete_hef
a year ago
Sorry
Reply
pete_hef
a year ago
USD/JPY-Buy only above breakout of 121.50
Reply
FxWirePro PRO pete_hef
a year ago
This mistake will not be repeated
Reply
pete_hef FxWirePro
a year ago
Thank you :-)
Reply
jam909
a year ago
how much possibly it goes beyond 122 ? I followed your last signal and I entered selling with tp 119.80
Reply
FxWirePro PRO jam909
a year ago
Till 122.40
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out