USDJPY – aiming for 150’s?
This pair had a good week and looks ready to move significantly higher. Recently it had found liquidity in the 140 region and will need the same to find some momentum to the upside again. I think a pullback to the low 141’s is possible before the uptrend resumes.
How far you trade this will depend on your belief, patience and ability to stay with the trade. Perhaps letting the trend develop and adding more positions on future pullbacks will be the way forward especially from a risk management perspective.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
How far you trade this will depend on your belief, patience and ability to stay with the trade. Perhaps letting the trend develop and adding more positions on future pullbacks will be the way forward especially from a risk management perspective.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
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