USDJPY pullback might be over

2024年8月16日

After yesterday's rally on US retail sales reading, USDJPY retreated from the highs but is now facing support. I believe the pair will bounce and continue its rally, even if it's just for a larger correction.

BUY at 147.85 (at market)
SL at 146 (-185 pips)
TP at 151.85 (+400 pips)

2024年8月19日

交易結束：達到停損點

-185 pips

2024年8月19日

註釋

Prices have stabilized at the 146 area and it is unclear which direction the pair will head next. I still prefer the bullish scenario, but I am not going to chase the trade.