Trading Outlook – USD/JPY

Trading Outlook – AUD/USD

Originally Updated: 06:52am

Currency Pair: USD/JPY

Sentiment: Bullish

Market focus:

In today’s trade set up we will be focussing on short term buying opportunities on the USD/JPY.


We are focussed on buying opportunities on the USD/JPY again today as talk circulates about Japan calling for an election and whether or not there will be a delay in the sales-tax hike.

Markets will be closely watching the GDP figure out of Japan on Monday.


We have a nice confluence zone at 115.65-115.55. This should offer short term support for any pullback.

Stop loss could be placed at 115.30

Take profit target: 116.40

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Source:: Trading Outlook – USD/JPY

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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