USDJPY is ready to buy?!
USDJPY / 1D
USDJPY has been trading in a bull trend. Recently, the price was pulling back. Traders seem to react to the measured move of the last pullback.
Since 80% of breakouts fail. Any reversal is an attempt for a breakout. Based on that, I would assume the bull trend to continue.
Also, 58% of client accounts are net short on this pair, which doesn't actually give us a big edge on the market. So, mostly the price will range for a while.
I'll keep this pair on the hot watchlist to get on a good price with minimum risk.
trade safe,
Trader Leo.
USDJPY has been trading in a bull trend. Recently, the price was pulling back. Traders seem to react to the measured move of the last pullback.
Since 80% of breakouts fail. Any reversal is an attempt for a breakout. Based on that, I would assume the bull trend to continue.
Also, 58% of client accounts are net short on this pair, which doesn't actually give us a big edge on the market. So, mostly the price will range for a while.
I'll keep this pair on the hot watchlist to get on a good price with minimum risk.
trade safe,
Trader Leo.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.