USD/JPY Signal Update
Yesterday’s signals were not triggered as there was no bearish price action at 102.83.
Today’s USD/JPY Signals
Risk 0.75%
Trades must be entered between 8am New York time and 5pm Tokyo time only, over the next 24-hour period.
Short Trade 1
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 103.96.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Long Trade 1
Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 102.21.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
USD/JPY Analysis
I was right yesterday to not be looking to get short just yet. The pair continued to rise strongly and made even higher new highs around the Tokyo close earlier, although it may be cooling off now.
The long-term trend is still bearish but it is being called more and more into question and it seems that the momentum for the short-term is still bullish as that is the way sentiment on the USD is inclined.
Much will now depend on the forthcoming U.S. economic data releases. If they are better than expected, we can expect further healthy upswings. If much worse, then this pair will probably top out and begin to fall.
Read more - https://www.goldcruderesearch.com/
Yesterday’s signals were not triggered as there was no bearish price action at 102.83.
Today’s USD/JPY Signals
Risk 0.75%
Trades must be entered between 8am New York time and 5pm Tokyo time only, over the next 24-hour period.
Short Trade 1
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 103.96.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Long Trade 1
Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 102.21.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
USD/JPY Analysis
I was right yesterday to not be looking to get short just yet. The pair continued to rise strongly and made even higher new highs around the Tokyo close earlier, although it may be cooling off now.
The long-term trend is still bearish but it is being called more and more into question and it seems that the momentum for the short-term is still bullish as that is the way sentiment on the USD is inclined.
Much will now depend on the forthcoming U.S. economic data releases. If they are better than expected, we can expect further healthy upswings. If much worse, then this pair will probably top out and begin to fall.
Read more - https://www.goldcruderesearch.com/
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