USDJPY – September 25th 2014
USDJPY – September 25th 2014
Written by: PaxForex analytics dept - Thursday, 25 September 2014 0 comments
Should price action for the USDJPY remain inside the 108.80 to 109.20 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position 109.00
- Take Profit Zone: 101.60 – 102.00
- Stop Loss Level: 111.60
Should price action for the USDJPY breakdown below 108.80 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 101.60 – 102.00
- Stop Loss Level: 111.60
Should price action for the USDJPY breakout above 109.20 the following trade set-up is recommended:
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 109.30
- Take Profit Zone: 111.60 – 112.00
- Stop Loss Level: 107.90
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