By: DailyForex.com
USD/JPY Signal Update
Last Thursday's signals were not triggered.
Today's USD/JPY Signals
Risk 0.75%
Trades may only be entered from 8am New York time until 5pm Tokyo time.
Short Trades
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Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 107.82 or 109.27.
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Place the stop loss 1 pip below the local swing low.
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Adjust the stop loss to break even once the trade is 20 pips in profit.
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Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
Long Trades
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Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 107.00 or 106.50.
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Place the stop loss 1 pip below the local swing low.
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Adjust the stop loss to break even once the trade is 20 pips in profit.
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Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
USD/JPY Analysis
This pair is the strongest mover so far of this week, with the USD keeping its strength and the Yen weak. The price is at the time of writing threatening the resistance level of 107.82 and it does not show a sign of reversing, although it is really too early to tell. The resistance band should stretch up to the round number at 108.00.
The long-term trend is still bearish.
There are no high-impact events due today concerning either the JPY or the USD.
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Source ↔ MP3 Lagu Baru
