The USDJPY currency pair is on the third Elliott wave
The growing trend of the US dollar against the Japanese yen is not over yet. The price movement is losing momentum, but the price is still above the 200 moving average. If you look at the chart of this trading instrument, you will see that the price movement resembles the third Elliott wave. Thus, we can expect the price to rise to the flat level of 115.00.
Order Type: Pending Order - Buy Stop
Entry Price at 114.50
Take Profit at 115.00
Pips Earning: 50
Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1570
BTCUSD buy at the price of 63000.00
GBPUSD buy at the price of 1.3775
USDCHF buy at the price of 0.9265
Daily technical analysis of currency pairs from AZAforex
The profit can be $476.19 if the trading volume of 100000 USD (1 Lot).