Weekly USD/JPY Outlook: Long Opportunity
USD/JPYLongPosition5d ago2 views
Trade Setup
Entry Price
149.6000
Stop Loss
148.4000
Take Profit
151.5000
Risk : Reward
1 : 1.58
RiskReward
Technical Analysis
USD/JPY has formed a strong ascending triangle on the daily chart. Entry near 149.6 with stop below 148.4.
Fundamental Context
Economic indicators suggest USD/JPY is positioned for a long move in the coming position.
Trade Setup
Entry at 149.6 with stop at 148.4 gives a clean 1.5:1 ratio. Target: 151.5.
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