USDJPY bullish scenario:
The USD/JPY climbs for the second straight day, following a busy day in the markets. Geopolitical headlines keep market volatility high and investors on their toes. Data-wise, the US economic docket featured the Trade Balance, which printed a deficit, while Imports increased and Exports came short than expected.
In this pair, technical analysis shows a technical figure Triangle. The Triangle broke through the resistance line on 09/03/2022. USD/JPY is forming a bullish formation on a daily chart. If the price holds above this level, we will have a possible bullish price movement with a forecast for the next 12 days with a target of 116.42. According to the experts, your stop loss should be around 114.65 if you enter this position.
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In this pair, technical analysis shows a technical figure Triangle. The Triangle broke through the resistance line on 09/03/2022. USD/JPY is forming a bullish formation on a daily chart. If the price holds above this level, we will have a possible bullish price movement with a forecast for the next 12 days with a target of 116.42. According to the experts, your stop loss should be around 114.65 if you enter this position.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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