☑️USDJPY: dollar growth is limited

☑️USDJPY: dollar growth is limited

8 December 2021, 09:09
Viktar Varapayeu

➡️ Recently, one could observe a good strengthening of the US dollar in the market. It is hardly worth expecting a fantastic take-off, this growth is limited, and most likely, all positive factors are already included in the price. But you need to remember that in the event of a sharp demand and risk appetite, the currency will attract the attention of market players.

Here is the hourly chart of the USDJPY currency pair for which a sell deal is expected. We are waiting for the Entry Point near the level of  113.760, if the price would return there, of course. Entry is assumed at least with a risk / reward ratio of 1/2. The parameters of the transaction, as close to reality as always, are in front of you. Look at the previous ideas on the links below, there are many interesting and useful things.

🔔 Proposed deal for this tool🔔:

🔴Entry Point - 113.764
⛔️Stop Loss - 114.007
✅Take Profit - 113.131

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