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  / ____/ __ \   / // /    / / / /  _/ |  / / ____/
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/ /_/ / /_/ /  /__  __/  / __  // /  | |/ / /___
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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

USD/JPY Long Opportunity

BY: @deff | CREATED: July 14, 2017, 9:02 a.m. | VOTES: 3 | PAYOUT: $0.00 | [ VOTE ]

[IMAGE: https://steemitimages.com/DQmNbboejMFRtzwRC7V8vm4GZDhbooLumda8dh9i2JEmjwD/usdjpy.PNG]

We have a long opportunity on USD/JPY and the ideal entry would be at the level of 113.100 . Profit target is at 113.600 ( TP1) and from here we wait comfortably and watch/wait to strike our second target which should be situated at 114.250 (TP2)

For the stop loss I would suggest the level 112.750/800 ( SL) and take into consideration that the next strong support line is at 112.400

I will give an update of the trend in the coming hours.

Enjoy!

TAGS: [ #usdjpy ] [ #trading ] [ #market ] [ #money ] [ #forex ]

Replies

@steemitboard | July 14, 2017, 10:48 a.m. | Votes: 1 | [ VOTE ]

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@kylemcquade | July 15, 2017, 12:44 a.m. | Votes: 0 | [ VOTE ]

Hi @deff I would like to see the result of this trade- USD was bearish for me as per the questionable CPI release- a lot of investors moved their capital to Asia during the build up to the release. Remember the US are below their 2% inflation target! Do you analyse across different timeframes?

Upvoted and followed :)

@deff | July 25, 2017, 5:44 a.m. | Votes: 0 | [ VOTE ]

You have a follower now ;)

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