USD/JPY – second chance to reach 108!

Posted On 01 Jun 2020

By : InstaForex

Comment: 0

Tag: USD/JPY

Good afternoon traders! A trading idea for the USD / JPY pair.

A pin bar was formed in the trend last Friday, marking the last day of spring as bullish.

D1 chart:

The formation of the bar caused the quotes to roll back 50% this morning.

Open long positions to update seller stop orders at 108, limiting the risks of Friday’s initiative.

“Price Action” and “Stop Hunting” methods were used to formulate this trading idea.

Good luck!

The material has been provided by InstaForex Company – www.instaforex.com

Source:: USD/JPY – second chance to reach 108!

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