USDJPY Upward movement Potential with RISK:REWARD 4Symbol USD jPY
Time frame 2 hours
Analysis; Break out from the down Trend movement.
Buy at 131.023 stop loss 130.55 target is 132.8
risk 2 reward ratios 4.8
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
Usdjpyforecast
#USDJPY Inverted Head and Shoulder formationAs seen in monthly chart of USDJPY, inverted head and shoulder is formed. Breakout above 127.50/128 with volumes will make it run to multi decade highs.
Likely scenario: With current global inflation, BOJ is forced to abandon its yield curve control strategy, that brings the yen devaluation option to the forefront.
God bless us all!!!
Will USD/JPY Hit 102.540?USD/JPY started to fall from the 20th February of 2020. Right now, it's trying to reach 102.540 . It has to cross 103.300 - 102.900 to hit 102.540 .
After crossing the 102.540, The trend will march to touch 101.200 . But if it starts to rise by breaking the resistance, then it will hit 104.740 - 105.300 .
USDJPY LONG TRADE SETUPThe daily is turning down against the March highs at 111.68. The 4 hour is turning up against 104.15. While above 105.16 where the hourly is turning up the pair can see strength higher toward 107.50 to correct the cycle lower from the March highs.
Long USDJPY
@106.10-105.90
TP: 107.00
SL: 105.68
Good luck !