USDJPY profit target reached nicely, prepare to buy

FX:USDJPY   U.S. Dollar / Japanese Yen
Buy above 1113.16. Stop loss at 112.28. Take profit at 114.50.
Reason for the trading strategy (technically):
Price has dropped nicely and has reached our profit target from yesterday. We still see further bullish potential from here. Our goal is to remain bullish above 113.16 support ( Fibonacci retracement , horizontal overlap support, ascending support) for a push up to at least 114.50 resistance (Major swing high resistance).
Stochastic (21,3,1) is seeing support above the 1 to 9% area.
Comment: whoo! come on USDJPY let's bounce higher!


I took profits on this one already
djoutrou BrandonF515
@BrandonF515, congrat
BrandonF515 djoutrou
@djoutrou, thanks to @MEX_Exchange for awesome strategy
Pretty cool.
Hi MEX_Exchange, my name is Naibot and I am from Japan.... just want to give a shout out and say that your work is fantastic and many people here in my country always look out for it... plz keep posting...
Tradingview needs more people like you! Thanks MEX_Exchange!
Do you have any indicators you recommend for traders?
thank you for the great analysis
thanks for the analysis once again sir...
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