OANDA:USDJPY   U.S. Dollar / Japanese Yen
55 views
5
The USD/JPY has been in a downtrend over the past weeks. Price has been consolidated between my Daily support and Resistance lines which I have highlighted in blue. With the release of US Non Farm Payrolls we saw the dollar weaken. The bearish candlestick suggests that the consolidation stage is over having broken through my daily support, showing more selling power. My Stop loss is half way through the bearish candlestick making this a 1:3 Risk Reward trade

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out