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Is USDJPY pullback worth buying?
U.S. Dollar / Japanese Yen
Long
Is USDJPY pullback worth buying?
By iTradeAIMS
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Updated
Jun 2, 2021
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Jun 1, 2021
Looks like the Yens are set to drop. EURJPY is strongly going up, GBPJPY is going up, Showing that Yens are weak.
On the USD/JPY, we are seeing some movement upwards.
Meanwhile, The Dollar's weakness is halting a bit.
On the daily chart, we see the price has hit the upper line of the wedge/channel formation but the pullback on h4 still looks ripe for longs.
I am going long here.
Jun 2, 2021
Trade active
Now we can move Stop Loss to BE
Jun 3, 2021
Trade closed: target reached
Partial Profits taken Target 1 reached
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Trend Lines
USDJPY
Wedge
iTradeAIMS
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