USD/JPY Keeps Offering Great Trades: Here’s the Trading Plan - Forex News by FX Leaders

USD/JPY Keeps Offering Great Trades: Here’s the Trading Plan

Posted Friday, October 13, 2017 by
Rowan Crosby • 1 min read

If you’ve been following the signals brief lately, you’d see that we’ve been speaking a fair bit about the USD/JPY. For whatever reason, the pair has been trapped in a bit of a range and really playing nicely off some of the moving averages.

My buddy Skerdian has been finding a heap of great spots in the U.S. session, so keep an eye on the forex signals page if you’re focused on those hours.

During Asian trade, the same thinking applies. I’m wanting to buy on dips. I’m a buyer at 121.14 and below. If we can push to 113.00 I’ll be selling.

The USD looks to have found a short-term bottom so I suspect 113.00 might be in play as we look to end the week with a bang!

 

Yen

USD/JPY – 240 min Chart.
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About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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