I have exited USDJPY at 123.98. Since market is closing for the week, I want to unload all positions before the weekend. For this position, I had a net gain of 0.2%
I have added long EURJPY position at 136.08 with stop loss 135.8, take profit 136.65 and risk reward 2. This trade was taken as EURJPY is supported at 136 and reversal signal has been identified. Given that JPY is weak on USDJPy pair while EUR has short term strength across the board, it is worth to go long EURJPY.
I took EURJPY long position on 28th may, trade is currently in my favour. Stop loss level has been shifted to break even at 135.34.
I took a short in GBPUSD at 1.5284 with stop loss 1.5322, take profit 1.5117 and risk reward 4. This trade was taken as there is continued USD strength, GBPUSD 4h has a bearish engulfing signal and is currently in a short term downward trend. In GBPUSD 30mins, there is also a pin bar signal. As for GBPJPY 4h, it also broke below upward trend line, signalling that GBP will move lower further.
I took a long in EURJPY at 135.35 with stop loss 134.95, take profit 135.95 and risk reward 1.5. Profit on EURJPY was taken earlier on, i have decided to enter again since price broke above 135 and 135 is a support level. In addition, pin bar signal is detected.
I took a long on USDJPY at 123.76 with stop loss at 123.4 and take profit at 128. This trade is entered due to USD strength and JPY weakness. In addition, price broke long term resistance and is supported by short term trend line.
I took a long EURJPY position at 134.936 with stop loss at 134.68, take profit at 135.32 and risk reward is at 1.5. I took this position as there is a reversal signal at support level, EURUSD and EURJPY 24h are below 200SMA. However, please take note that there is limited upside.
I have decided to take a long in USDJPY at 123.9 with stop loss at 123.41, take profit at 127.8 and risk reward is 8. I took this trade as USDJPY is moving strong, support is at 123.5. We can also observe a bullish engulfing candle in 30mins chart.
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