Hi traders,
The USDJPY is a buy only asset. On any pullback it gets bought into, the only downside to trading this pair is that the swings are quite wide. Tight stops will get taken out easily.
The stochastic crossed bullish and we can see higher lows and higher highs. If we can stay above 108400 then we should be looking for buys.
I suggest waiting for buying momentum and playing off this with a slightly wider stop.
All the best,
Aardall
The USDJPY is a buy only asset. On any pullback it gets bought into, the only downside to trading this pair is that the swings are quite wide. Tight stops will get taken out easily.
The stochastic crossed bullish and we can see higher lows and higher highs. If we can stay above 108400 then we should be looking for buys.
I suggest waiting for buying momentum and playing off this with a slightly wider stop.
All the best,
Aardall