PITCHFORK - Forex USDJPY Weekly Analysis March 5th - 9th 2018
SELL USDJPY
Area: Pitchfork Median Line
Channel Pitchfork - Descending
Entry: Instant /105.600 - Median Line
Target Profit: 103.400 - Lower Line
Next Target Profit: NIL
Stop Loss: 106.500
Reward Potential: 220 pips
Risk: 90 pips
Setup Guide:
1. Expecting this week target price to lower line .
2. Risk Sentimen on YEN (Risk-Off Trade) . Bear in control .
3. DXY 0.04% quickly reverted the recent upside and dropped to sub-90.00 levels .
4. Trump-related headlines, JPY-buying keeps weighing on USD .
Area: Pitchfork Median Line
Channel Pitchfork - Descending
Entry: Instant /105.600 - Median Line
Target Profit: 103.400 - Lower Line
Next Target Profit: NIL
Stop Loss: 106.500
Reward Potential: 220 pips
Risk: 90 pips
Setup Guide:
1. Expecting this week target price to lower line .
2. Risk Sentimen on YEN (Risk-Off Trade) . Bear in control .
3. DXY 0.04% quickly reverted the recent upside and dropped to sub-90.00 levels .
4. Trump-related headlines, JPY-buying keeps weighing on USD .