Get started
CaliG11

USD/JPY LONG TERM HOLD! CUP & HANDLE FORMATION FINALLY BROKE OUT

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
CaliG11 Updated   
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis USDJPY LONG Technical Analysis pips pipsfordays profitinpips breakout
2
1
trendanalysis indicator waveanalysis usdjpy long technicalanalysis pips pipsfordays profitinpips breakout
Hello everyone,

In this tech analysis I see a long term cup and handle formation that has finally broke out.

We need to pullback to our new found support (highlighted in green) and I will size in for a long to 115.25 and beyond, looking for an easy 200 pip+ long term play.

What do you guys think?

Entry: 113.00
Stop: 111.75
TP1: 114.00
TP2: 115.25
TP3: 118.50

#USDJPY
#CupandHandle
#TechnicalAnalysis

If you want to receive weekly trade alerts, subscribe to our services!
www.profitinpips.com
Comment:
TP1 hit, looking for retest of new found support before heading higher.
Comment:
After TP1 was hit we were unable to open a new trade in our designated buy zone, will be doing an update.
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.