Hi Everyone, USDJPY has been on a nice rally up, but it seems like it has lost a bit of power.
On top of technical analysis, the recent news released with some key economic indicators showing positive impact to control inflation, which leads to a lower probability of heavy hikes in interest rates.
I believe USDJPY is ready for a correction and 1:2.5 will be my risk to reward with the setup shown on this screenshot.
Thank you
On top of technical analysis, the recent news released with some key economic indicators showing positive impact to control inflation, which leads to a lower probability of heavy hikes in interest rates.
I believe USDJPY is ready for a correction and 1:2.5 will be my risk to reward with the setup shown on this screenshot.
Thank you
Trade active:
Very nice push to the down side.
We are now very close to a first target where you could wish to take some partial profits.
We are now very close to a first target where you could wish to take some partial profits.
L.G
