USDJPY is preparing to make a leap up

  • May 14 2021
  • by
  • Analyst AZA
USDJPY is preparing to make a leap up

USDJPY is preparing to make a leap up after passing the fractal

The growing trend for the USDJPY currency pair is in an upward trend and now its growth has slowed down. The price has drawn a fractal on the chart. If shortly the growth momentum is not lost and the bulls can reverse the situation, then after breaking through the fractal level, you can open a long position with a target of 40 pips.

Symbol: USDJPY
Order Type: Pending Order - Buy Stop
Entry Price: 109.80
Take Profit: 110.20
Pips Earning: 40

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The profit can be $400.00 if the trading volume of 100000 USD (1 Lot).

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