peterbokma

USDJPY-BUY strategy 4-hourly chart

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
The overall trend is likely to see test of 150.00 looking at weekly chart. The short-term charts are oversold for the pair, and the low stochastic on the 4-hourly chart and having met near the objective, I feel we may see recovery.

Strategy BUY @ 152.75-153.00 and place SL below 151.78 and take profit @ 155.17 for now.

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