Yen pairs have been eluding long traders and stopping out with lower lows. I believe the 116.30 we just got today is a decent entry level. When the buy impulse takes over, expect to see price reaching 121.00 soon.
About:
Ramesh is the author of his new book "Trade Forex with Confidence". amzn.to/2nKBrXT
About:
Ramesh is the author of his new book "Trade Forex with Confidence". amzn.to/2nKBrXT
Trade active
In the trade when price touched 116.30. Normal to see price slide further but watching carefully for any sign of price breakdown - none so far. Need to see the break above 116.55 to get buying to appear. Note
Would like to see price action this week breaks and closes above Monday's high. If not will bank the 380 pips profit. Glad many of you have taken this trade.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.