Sorry, you need to enable JavaScript to visit this website.

USD/JPY Signal - USD Redbook Index - 29 March 2022

You are here

Signal Details
Entry Price: 
123.392
Take Profit: 
121.300
Stop Loss: 
124.100
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USD/JPY has formed a double top pattern today, having hit a 20 year resistance level. In addition, one of our algorithms has taken a sell trade, adding additional confluence to the short position. We are targeting downside to 121.300, and will be trailing stoploss at 50 pips above price.

Live Broker Spreads

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.