The short term market consensus for USD/JPY have change to Bullish

Global Prop

The short term market consensus for USD/JPY have change to Bullish

The short term market consensus for USD/JPY have change to Bullish

USD/JPY, Also known as trading the “gopher” the USDJPY pair is one of the most traded pairs in the world. The value of these currencies when compared to each other is affected by the interest rate differential between the Federal Reserve and the Bank of Japan
Our Proprietary Trading System indicates the following:

The Long Term Trend (LTT) given by the Global Monthly TIME BAR (GMTB) is currently Bearish
The Medium Term Trend (MTT), given by the Global Weekly TIME BAR (GWTB) is currently Bullish
The Short Term Trend (STT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Micro Trend (MT), given by the Global Four Hour TIME BAR (GFHTB) is currently Bullish

In light of the above trend analysis we will execute a bullish trade on USD/JPY.

Trade #1:
Global Entry Signal For Trade #1: Buy @ 109.586
Global Trailing Stop Loss Trade #1: @ 109.099
Global Target Profit Trade #1 : @ 118.874

The short term market consensus for USD/JPY have change by globalfinancialengineering on TradingView.com

Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #3.

Trading is risky

There is a substantial risk of loss in futures and Forex trading. Online trading of stocks and options is extremely risky. Assume you will lose money. Don’t trade with money you cannot afford to lose.

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities , currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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