Update :USDJPY sideways, potential upside
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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Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.
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.