USD/JPY
Entry Point: 152.599
Stop Loss: 151.900
Take Profit 1: 153.900
Take Profit 2: 155.231
The USD/JPY currency pair has been experiencing a strong bullish trend due to several factors, including the strengthening of the U.S. dollar and economic conditions in Japan. With the ongoing monetary policy divergence between the Bank of Japan (BoJ), which maintains ultra-low interest rates, and the Federal Reserve, which has been on a tightening path, the USD/JPY pair has gained upward momentum.
This trade plan is based on technical analysis, identifying a high-probability entry point, strategic stop loss, and target levels to maximize profits as the bullish trend potentially continues.
ALWAYS USE STOPLOSS AND TAKE PROFIT ON YOUR TRADES AND RISK MANAGEMENT.
THIS IS MY ANALYSIS OR PREDICTION FROM MY SIDE. IF YOU LIKE THIS ANALYSIS, A BOOST WOULD BE GREATLY APPRECIATED.