USDJPY – BUY STOP – 11th March 2021

USDJPY – BUY STOP – 11th March 2021 (Closed)

Good evening team,

 

Please take a minute to have a look at our new page called “technical analysis”.

In the new technical analysis area we will be uploading key charts across all major currency pairs, indices and commodities every morning. These charts should be uploaded by 11am week days.

 

If you haven’t done so already, take a look at the USDJPY analysis, we are expecting a possible continuation to the upside once a correction has completed. We will be looking to go long once a breakout is confirmed above 108.80. If you have any questions on the analysis please let us know in the live chat feature.

USDJPY 1 Hour Charts

Trade Setup: BUY STOP – Entry price 108.85, stop loss 108.30 and take profit 110.00

Stop loss: 55 pips

Take profit: 115 pips

 

Trade Setup
BUY STOP

Entry
108.85

Take Profit
110.00

Stop Loss
108.30