login
Open Free Account
     

Resources

$USDJPY - Forex technical trade note

4 April 2018 / JSE Market Updates / Research Notes Posted by: Barry Dumas
Screen Shot 2018-04-04 at 09.00.26

I have spotted an inverse Head and Shoulders technical pattern on the USD/JPY currency pair and I am looking to place a long trade. Please take note that the Dollar will play a role in this currency pair trade idea playing out.

Trade summary detailed below...

Trade: USD/JPY

  • Entry (Buy): 106.70
  • Stop loss: 105.66 below the right shoulder.
  • Target price 1: 107.27
  • Target price 2: 107.67

ALSO READ OUR "FOREX CHARTING HACKS" TO BRUSH UP ON YOUR TECHNICALS

 

Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
SEARCH ALL RESEARCH
SEARCH POSTS BY AUTHOR

Online trading
made easy.

Start Trading Today

Disclaimer: Trading CFDs (leveraged products) is high risk and losses could exceed your initial capital input. Please ensure you fully understand the risks with trading CFDs before considering this form of trading. See full terms and conditions HERE.

GT247 (Pty) Ltd t/a GT247.com is a licensed over-the-counter derivatives provider duly authorised by the Financial Sector Conduct Authority of South Africa. All trades on the GT247.com trading platform are subject to the legal terms and conditions to which you agree to be bound. Any material shared/displayed on this website does not constitute financial advice. Should you require financial advice, please consult your financial planner.

The information on the GT247.com website is not directed at residents outside of South Africa and is not intended for distribution to or use by any person in any particular country or jurisdiction where such distribution or use would be contrary to local laws or regulations. GT247.com does not market its services to persons that reside outside of South Africa.
© 2022 GT247.com