USDJPY - Buy
Updated
I'm taking a long position on USDJPY at 160.365, here's why:
- Potential Upside:
There could be factors driving the US dollar higher against the Japanese yen. These factors could include economic data favouring the US economy or geopolitical tensions.
- Entry Point:
160.475 could be a technically attractive entry point based on past price movements or indicators.
I have a limit order set, risking 0.5% looking for 2.5% profit.
Entry: 160.365
Stop: 160.194
Profit: 161.846
- Potential Upside:
There could be factors driving the US dollar higher against the Japanese yen. These factors could include economic data favouring the US economy or geopolitical tensions.
- Entry Point:
160.475 could be a technically attractive entry point based on past price movements or indicators.
I have a limit order set, risking 0.5% looking for 2.5% profit.
Entry: 160.365
Stop: 160.194
Profit: 161.846
Trade active
Trade closed manually
Closed ahead of CPI tomorrow. 140 pips in the bag.
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