RISK : 2 %
USDJPY: A Wide - Waiting for FOMC This Time
The price is close to old levels and the likelihood of a possible intervention by the BOJ will increase
It was the only price zone where the BOJ intervened last year.
Trade Idea: Buying USDJPY
Reasoning: Pullback into newly formed support on the daily.
Entry Level: 138.104
Take Profit Level: 139.58
Stop Loss: 137.50
Risk/Reward: 2.4/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Price action trading is the most easiest and simplest way of trading
no need for fancy smancy indicators or emas or systems
just Naked Long term charts showing where price has turned before and before that and before that again
happy trading
The US dollar continues to pummel the Japanese yen. USD/JPY pushed above the 117 line earlier today for the first time since January 2017. USD/JPY is up 0.61% on the day and has recorded a massive gain of 1.76% this week.
We continue to see sharp volatility in the currency markets and the Japanese yen has not been immune to the turbulence. Risk apprehension has...
The flight in the dollar has a negative impact on the GBPUSD pair as well. It is assumed that today the price will again go down to 1.33525 and possibly even lower.
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➡️ As it was indicated in the forecasts earlier: the cryptocurrency is preparing for a small sale, and maybe a big one. Bitcoin is expected to be at the forefront of all of this. The price is trading near the psychological and round 60,000$ level. Most likely, buyers have lost this milestone and now, in a hurry, they would go to 55580.50$ .
The Sell Entry...
And so, the CHFJPY currency pair broke through after consolidation (trade balance) and rushed even higher. At this stage, without further ado, the tool is in an upward movement that does not go beyond the uptrend channel. The pair approaching the support line allows us to consider buying from this border.
Remember, there is no place for luck in trading - only...
The pair was supported by rising Treasury yields, which, in turn, supported Japanese exporters and the Nikkei 225. The Nikkei's spectacular rally put additional pressure on the safe yen. The yen weakened against all currencies in principle, which could be observed on the charts (about the same impulsive movement as for the USDJPY pair).
A breakout of the...
#105
sell range: 104.205
Targets: 104.130- 104.055- 103.980
Stop loss The first goal: the profit to loss ratio is 1: 1 (104.280)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 104.205(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal)
The support line is actively helping the price grow up
and is already actively striving for its target.
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This idea does not provide the financial advice.
