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USDJPY Analysis

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-12-16_00-29-48usdjpy

2015-12-16_00-29-48usdjpy

On this chart a long trade is suggested.

We will take advantage of trading in direction of the 200 ma that acted as support on this pair and place a bullish trade to take the opportunity of the increase of todays interest rate.

Like this we allign the technicals with the fundamentals.

The stop loss would be placed below the actual swing low with an open take profit because if the trade takes of it could go for quite some time.

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