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USD/JPY Signal- JPY Foreign Investments in Japanese Stocks- 03 August 2022

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Signal Details
Entry Price: 
133.597
Take Profit: 
135.699
Stop Loss: 
132.152
Direction: 
Buy
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USD/JPY is trading to the upside today prior to the JPY Foreign Investments in Japanese Stocks. We have a inverse head and shoulder pattern on the hourly timeframe acting as confluence for a bullish USD. We anticipate a bullish move up to level 135.699

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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.