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The USDJPY pair continues to fall to the previous lows

The USDJPY pair continues to fall to the previous lows

Jan 14 2022

by Michael Wallenberg
Analyst AZA

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The USDJPY pair continues to fall to the previous lows

The USDJPY pair continues to fall to the previous lows

The USDJPY currency pair is in an accelerating downtrend right now. The price crossed the 200 simple moving average on the 4-hour timeframe and created a fractal low at 113.63. We will join the bear if they break 113.60 support with a 30 pip target to the nearest support at 113.30.

Symbol: USDJPY
Order Type: Pending Order - Sell Stop
Entry Price at 113.60
Take Profit at 113.30
Pips Earning: 30

Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1485
XAUUSD buy at the price of 1830.00
GBPUSD buy at the price of 1.3750
USDCHF sell at the price of 0.9090

The profit can be $285.71 if the trading volume of 100000 USD (1 Lot).

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