Trading Outlook – USD/JPY
Originally Updated: 06:52am
Currency Pair: USD/JPY
In today’s trade set up we will be focussing on short term buying opportunities on the USD/JPY.
We are focussed on buying opportunities on the USDJPY again today as talk circulates about Japan calling for an election and whether or not there will be a delay in the sales-tax hike.
Markets will be closely watching the GDP figure out of Japan on Monday.
We have a nice confluence zone at 115.65-115.55. This should offer short term support for any pullback.
Stop loss could be placed at 115.30
Take profit target: 116.40
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