Trading Idea – USDJPY 16th November 2015

forex usdjpy

Attention! Posts are commentary only, NOT SPECULATION/INVESTMENT ADVICE. It’s only for education purposes, doesn’t offer to trade.

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USDJPY – looking for a long (buy) setup.

Last week USDJPY showed some weakness. However this week the pair had a strong rally and recovered its losses. The figure above indicates that the weekly trend continues to be moving up. At this stage, I’m going long this pair.

I also see a more general strengthening of USD versus other currencies.

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