Post NFP release, with positive employment data, USD strengthened across the board. On 30mins USDJPY, there is a pin bar signal close to 125.5, which is also where the support is. On 5mins chart, there seems to be a flag formation with a breakout, hence signaling price continuation. This is a short term position, with the intention to close off position before end of NY session.
Have you paid to attend forex courses before?
- Read our article on "How much are you willing to pay for forex courses"
How to manage your risk in FX trading
- Read our article on "Risk management in FX Trading"
Want to start forex trading but not sure how to choose a broker?
- Read our article on "Choosing a forex broker"