Thursday , November 21 2024
https://www.xm.com/
https://www.xm.com/

Buy USDJPY @ 102.50

Forex Trades 223 Views

Signal: Buy USDJPY @ 102.50 with targets @ 103.00 & 103.75 in extension.

Stop Loss: 4 hour close below 102.00

USDJPY Daily | FXLORDS

Conviction:
The pair formed a hammer on the daily chart last week and held his advancement today. MACD is crossing the 0 value while the RSI is the strong zone. a double top scenario targeting 105 is a valid assumption.

Support 1 Support 2 Support 3 Resistance 1 Resistance 2 Resistance 3
102.30 102.00 101.80 102.80 103.00 103.30

 

 

Trading Forex and other financial instruments on a leverage or margin basis involves high risks. Profits and losses are magnified as a result of a small movement in the price of the underlying instrument, which might result in substantial losses that may exceed your initial deposit. Trading Forex and other financial instruments may not suitable for all persons. Before deciding to trade, please ensure you understand all the risks involved. For more information visit Privacy Policy and Terms of Use. FXLORDS LTD. is a registered company in Cyprus and licensed under the number HE317672, and is a registered trademark in the EU.

About Razi Hammouda

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

Check Also

New Forex Trading Signal: AUD/USD

The RSI and CCI on the daily charts are in the negative zone which indicates that the pair is over sold, confirming our new Forex trading signal.

Cancellation and Refund Policy - Privacy Policy - Terms of Use
© Copyright 2013-2022 All rights reserved
Sahifa Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.