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.
Global Entry Signal For Trade #1: Buy @ 109.586
Global Trailing Stop Loss Trade #1: @ 109.099
Global Target Profit Trade #1 : @ 118.874
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #3.
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