Here are the key factors to keep in mind today for US Dollar trades:

Here is the key factor to keep in mind today for US Dollar trades:

Here are the key factors to keep in mind today for US Dollar trades:

The USDJPY is trading well above 120.000 as this currency pair rallied strongly, but what does a rally actually mean? A currency pair is made up, as the name suggests, from two different currencies which are paired against each other. In the case of the USDJPY it is the US Dollar against the Japanese Yen.

Should price action for the USDJPY remain inside the 117.600 to 118.000 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 117.250 to 118.250 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 116.800 to 117.200 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 118.900 to 119.150 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 119.250 to 120.250 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 120.250 to 120.750 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 116.750 to 117.250 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 119.000 to 119.500 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 119.000 to 119.400 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 117.500 to 118.00 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 117.000 to 118.000 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 115.000 to 116.000 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 114.500 – 115.000 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 107.90 to 108.30 zone the following trade set-up is recommended:

Should price action for the USDJPY remain inside the 107.40 to 104.60 zone the following trade set-up is recommended: