Trading news

USD/JPY: The Buyers to wait for a bullish breakout

USD/JPY has been bullish in the daily chart for the last five trading days. Yesterday’ candle came out as a strong bullish candle as well. The H1 chart shows that the price after making a bearish correction has found its support. If the price heads towards the North and makes a breakout at yesterday’s highest high, the buyers may go long in the pair and push the price towards the North further.

Chart 1 USD/JPY H1 Chart

The chart shows that the price had a bounce at the level of 107.550 and made a bullish move. The price has been in consolidation again. If the price heads towards the North and makes a bullish breakout at the level of 107.880, the buyers may trigger a long entry. The pair may make a long bullish move since the daily chart’s significant highest high is at 109.775.

Trade Summary:

Entry: Buy above 107.880

Stop Loss: Below 107.550

Take Profit 1: 108.085

Take Profit 2: 108.215

Take Profit 3: 108.400

EagleFX Review

Tuesday, 30 Jun, 2020 / 1:31

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Oil Fixed Between $43-44

Author: Dmitriy Gurkovskiy, Chief Analyst at RoboForex Early in August, [...]

Posted on Monday, 03 Aug, 2020 / 12:12 under

GBP/USD Failed To Maintain It's July Month Sharp Gains - U.S. Dollar Fresh Strength! 

The GBP/USD currency pair stopped its previous Month winning streak and now [...]

Posted on Monday, 03 Aug, 2020 / 11:37 under

Gold Sideways Movement Continues - Risk-Off Market Sentiment In Play

During the Monday's Asian trading session, the safe-haven-metal prices failed [...]

Posted on Monday, 03 Aug, 2020 / 10:27 under