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Setupsfx_
Nov 22, 2023 6:09 PM

USDJPY Long

U.S. Dollar/Japanese YenFXCM

Description

Hey Everyone,

While many traders believe that UJ will reverse and drop significantly, but, what we think price will continue the bullish trend as it is very unlikely that JPY will gain its strength back. UJ will at least move up 500+ pips before it may drop significantly. For this year, USDJPY remain too bullish in our opinion.

what do you all think about it?

Trade closed: stop reached

Comments
seeratfrancis14
yesh it's bullish
Setupsfx_
@seeratfrancis14 great thanks
pxstorm47
I'm with you on this
Setupsfx_
EMA_Trading
Good trade.
Setupsfx_
@EMA_Trading thanks a lot
basictradingtv
Never ever fight the trend - you are absolutely right📈📈
Setupsfx_
@basictradingtv that’s right thanks a lot
RobertoooK
btw., any idea if it's going to reverse a bit, down to 1.48.2 perhaps? Or will it climb above 1.5? Are there enough buyers at 1.5?
Setupsfx_
@robertoklinko possible but unlikely to happens as JPY continue dropping.
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