AdamFx42
Long

UsdJpy breaks 125 - not coming down again

FX:USDJPY   U.S. Dollar / Japanese Yen
Usd/Jpy             has made its intentions clear, I believe

Breaking 125 after steep retracement indicates that traders believe the intended rate hike is coming in September

The pair is currently in a bullish channel , and is coming down to retest previous highs

I will see if lower channel support holds, or the pair will bounce
Then I will go long there - just below 125, with a SL below the lower channel support,
a matter of a mere 20 pips or so
The TP will be the next move towards the upper band of the channel, probably around 125.50
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out