Update :USDJPY sideways, potential upside
Updated
Following our trade posted on 6th April, market shows risk-on sentiment buoyed by slowing infections in main epicenters.
Our trade is still valid :
entry: 108.71
sl: 108.15
tp: 110.09
Parabolic Sars are pointing at more upside while MACD also showing a weak bullish bias. Fundamentally, we still think stock market bounce is playing the main driver for USDJPY bullish story. Our trade is still valid and need a bit more patience in this !
Our trade is still valid :
entry: 108.71
sl: 108.15
tp: 110.09
Parabolic Sars are pointing at more upside while MACD also showing a weak bullish bias. Fundamentally, we still think stock market bounce is playing the main driver for USDJPY bullish story. Our trade is still valid and need a bit more patience in this !
Trade closed: stop reached
usdjpy dropped to our sl, trade failed!
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