Is USDJPY going to reach its 50% OE target?

8 set 2023

We have entered USDJPY on daily confirmation bar based on a trend continuation move, weekly correlation and according to our smart money framework indicator. As of now, there is some profit taking occurring in terms of seller bars. We will hold onto this position as per our strategy rules till it either hits our 50% OE target or our trailing stop as in the chart image.

USDJPY(Long)

E - 147.72
ISL - 145.70
T - 148.84

Trailing stop at 146.00

We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.

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