This is a technical analysis for the USDJPY currency pair with a forecasted trade recommendation to sell. The entry point is at 138.683, with a take-profit order set at 130.012 and a stop-loss order at 141.659.
The forecast for the USDJPY currency pair is bearish, with a recommendation to sell the pair at 138.683. The take-profit order is set at 130.012, indicating that the trader expects the price to decrease by approximately 868 pips. The stop-loss order is set at 141.659, limiting potential losses to around 297 pips in case the trade moves against the trader. The analysis is based on technical factors such as price trends, chart patterns, and technical indicators.
The forecast for the USDJPY currency pair is bearish, with a recommendation to sell the pair at 138.683. The take-profit order is set at 130.012, indicating that the trader expects the price to decrease by approximately 868 pips. The stop-loss order is set at 141.659, limiting potential losses to around 297 pips in case the trade moves against the trader. The analysis is based on technical factors such as price trends, chart patterns, and technical indicators.
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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.