Buy USD/JPY Target 114.30

21 בפבר׳ 2017

Entry: 113.50 or anything over 113.20
Target: 114.30
Stop: 113.07
RR: 2:1


USD is strong so far this week. Trump picking a new National Security Adviser and hawkish comments from the Fed is giving this pair a boost.

Pivot is 113.20, R1 is 113.80 and R2 is 114.30. RSI is showing room for upside movement. Bollinger band is bullish and lines up with 200 MA. This is a great buy opportunity with targets of 113.80 and 114.30. A stop of 113.07 will give us a 2:1 RR if price hits 114.30. If price breaks 113.80, wait for a retrace then move stop to 113.75.

Next major economic data release affecting this pair is the FOMC meeting minutes due tomorrow at 2pm EST.

Good luck!

22 בפבר׳ 2017

עסקה סגורה: הגיע לסטופ