RaynLim

USDJPY-Weekly Market Analysis-Feb21,Wk4

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
As mentioned last week, as long as USDJPY didn't break and close above 106.01, we are looking for that shorting opportunity. Traders who caught that and developed their trading opportunity would have gained 75pips(750USD/lot) or at least 62pips(620USD/lot) of running profit at this moment.
If you had not engaged in the trade, a retracement back to 105.62 would give you an opportunity to engage the shorting opportunity.
As long as the market didn't break and close above 105.68, it is good.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
www.tiktok.com/@raynlim
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.