USDJPY short-term trading opportunities (>2 risk/reward ratio)
Happy Friday folks!
First of all, congratulation if you have taken my last trading idea for EURUSD, you are enjoying at least 100 pips profit :)
Dollar index is quietly setting up an upward momentum with its weekly chart. It is currently trading @ 94.50 while I'm writing this and slightly breached the weekly 20MA @ 94.3
The weekly chart RSI, MACD, Stochastic are all showing strong upward momentum. A confirm break this week and stay above 94.3 will further boost the dollar index to the next resistance @ 96.1. This implied all non-USD pairs will suffered.
Short-Term ideas
Pair: USDJPY
Action: Buy break @ 105.60, TP @ 107, SL @ 105
Enjoy!
First of all, congratulation if you have taken my last trading idea for EURUSD, you are enjoying at least 100 pips profit :)
Dollar index is quietly setting up an upward momentum with its weekly chart. It is currently trading @ 94.50 while I'm writing this and slightly breached the weekly 20MA @ 94.3
The weekly chart RSI, MACD, Stochastic are all showing strong upward momentum. A confirm break this week and stay above 94.3 will further boost the dollar index to the next resistance @ 96.1. This implied all non-USD pairs will suffered.
Short-Term ideas
Pair: USDJPY
Action: Buy break @ 105.60, TP @ 107, SL @ 105
Enjoy!
