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FX.co ★ USD/JPY - take profit!

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Forex Analysis:::2020-06-03T07:37:52

USD/JPY - take profit!

USD/JPY - take profit!

Good afternoon traders! Congratulations to those who used our trading idea of opening long positions to increase the USD / JPY rate. The quotes successfully reached the level of 108.

Trading idea on May 13: /en/analysis/quickview/250755

Trading idea on June 1: /en/analysis/quickview/251988

Both ideas suggested trading in a classic ABC pattern.

Here is the plan of May 13:

USD/JPY - take profit!

Here is the plan of June 1:

USD/JPY - take profit!

Results:

USD/JPY - take profit!

The movements were 1,400 and 700 pips, respectively!

"Price Action" and "Stop Hunting" strategies were used in formulating both ideas.

Good luck!

Analyst InstaForex
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