USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY modestly up at 155.572, holding above the 50 EMA at 155.28, signaling continued bullishness.
- Key resistances ahead at 156.31, 157.03, and 157.96; supports established at 154.21, 153.33, and 151.88.
- Trading strategy: Buy above 154.950 with a take profit at 156.350 and a stop loss at 154.200 to manage risks effectively.
The USD/JPY pair has shown marginal gains in today's trading, with a current rate of 155.572, reflecting a slight increase of 0.02%. This subtle upward trend suggests a cautious optimism among traders as they evaluate forthcoming market signals.
Currently, the pair trades above the 50-Day Exponential Moving Average (EMA) at 155.28, which acts as a near-term support level and an indicator of bullish sentiment. The pivot point for today stands at 156.35, slightly above the highest immediate resistance at 156.31, indicating a potential for resistance consolidation around these levels. Should the USD/JPY breach this threshold, it will face further resistances at 157.03 and 157.96. These levels could serve as critical junctures for traders looking for profit-taking points.
On the downside, the currency pair has established support at 154.21, with additional lower supports at 153.33 and 151.88. These markers provide potential rebound points should the pair experience any pullbacks. The Relative Strength Index (RSI) at 60 suggests that the market is leaning towards overbought territory, which might prompt some traders to exercise caution in anticipation of a possible retracement.
Considering the current technical landscape and the position of the pair relative to its moving averages, a prudent trading strategy would be to enter a long position if USD/JPY moves above 154.950. Setting a target at 156.350 with a stop loss at 154.200 offers a tactical approach that leverages the current support and resistance framework while managing risk efficiently.
USD/JPY - Trade Ideas
Entry Price – Buy Above 154.950
Take Profit – 156.350
Stop Loss – 154.200
Risk to Reward – 1: 1.5
Profit & Loss Per Standard Lot = +$1400/ -$750
Profit & Loss Per Mini Lot = +$140/ -$75
USD/JPY Price Analysis – May 09, 2024
Daily Price Outlook
The USD/JPY currency pair has maintained its upward trend and remained well bid around 155.83, hitting the intraday high of 155.96 level. This marks the fourth consecutive day of positive performance, driven by a combination of hawkish comments from the Federal Reserve and expectations of higher interest rates in the United States.
Boston Fed President Susan Collins recently highlighted the need to keep rates higher for a longer period to combat inflation, reinforcing the USD's strength. This hawkish stance has contributed to the USD's rebound, which has been a significant factor behind the upward trend of the USD/JPY pair.
Despite this bullish momentum, the Japanese Yen (JPY) receives some support from the Bank of Japan's (BoJ) cautious approach. Japanese authorities, including Japan's top currency diplomat, Masato Kanda, have indicated their readiness to intervene to support the JPY. This creates a balancing act between the USD's strength and the JPY's potential recovery.
Modest Rebound of USD and Its Impact on USD/JPY
On the US front, the broad-based US dollar has been gaining momentum. Thanks to comments from Federal Reserve officials, such as those from Boston Fed President Susan Collins, expectations of sustained higher interest rates have been heightened, lending further support to the US dollar. However, the anticipation of continued rate hikes to manage inflation has strengthened the Greenback, positively impacting the USD/JPY pair.
Traders are keeping a close watch on upcoming economic indicators, including the University of Michigan Consumer Sentiment Index, which is expected to show a decline from 77.2 in April to 76.0 in May. However, the stronger-than-expected outcome could further boost the USD, while a weaker one might temper the bullish momentum of the USD/JPY pair.
Japanese Policymakers Call for Steady Rates to Avoid Inflation Overshoot
On the other side, the Bank of Japan (BoJ) decided to maintain its key interest rate at 0% during its April monetary policy meeting, with board members turning increasingly hawkish about avoiding an inflation overshoot. BoJ Governor Kazuo Ueda has hinted at the possibility of multiple rate rises in the coming months, suggesting a gradual shift in Japan's monetary policy approach.
Therefore, the Bank of Japan's hawkish shift, with Governor Kazuo Ueda hinting at potential rate rises, could strengthen the Yen and introduce resistance to the upward momentum in the USD/JPY pair.
USD/JPY - Technical Analysis
The USD/JPY pair has shown marginal gains in today's trading, with a current rate of 155.572, reflecting a slight increase of 0.02%. This subtle upward trend suggests a cautious optimism among traders as they evaluate forthcoming market signals.
Currently, the pair trades above the 50-Day Exponential Moving Average (EMA) at 155.28, which acts as a near-term support level and an indicator of bullish sentiment. The pivot point for today stands at 156.35, slightly above the highest immediate resistance at 156.31, indicating a potential for resistance consolidation around these levels. Should the USD/JPY breach this threshold, it will face further resistances at 157.03 and 157.96. These levels could serve as critical junctures for traders looking for profit-taking points.
On the downside, the currency pair has established support at 154.21, with additional lower supports at 153.33 and 151.88. These markers provide potential rebound points should the pair experience any pullbacks. The Relative Strength Index (RSI) at 60 suggests that the market is leaning towards overbought territory, which might prompt some traders to exercise caution in anticipation of a possible retracement.
Considering the current technical landscape and the position of the pair relative to its moving averages, a prudent trading strategy would be to enter a long position if USD/JPY moves above 154.950. Setting a target at 156.350 with a stop loss at 154.200 offers a tactical approach that leverages the current support and resistance framework while managing risk efficiently.
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USD/JPY Price Analysis – May 2, 2024
Daily Price Outlook
During the European trading session, the USD/JPY currency pair has shown mixed performance, currently hovering around 154.73 and consolidating within a range of 154.22 to 156.29. This fluctuation has been influenced by various factors, primarily the divergent policy outlooks of the Bank of Japan (BoJ) and the Federal Reserve (Fed).
While the BoJ has indicated a commitment to supporting the economy through accommodative monetary policy measures, the Fed has hinted at potential interest rate hikes, albeit with a cautious approach.
These contrasting approaches by the central banks have contributed to the pair's uncertain performance, with traders closely monitoring developments for further guidance on its future direction.
Japanese Yen Rallied Amid Speculations of Intervention
On the JPY front, the Japanese yen rallied amid speculation of intervention by Japan's financial authorities. However, the reports suggested that authorities may have intervened to support the yen, leading to a temporary boost in the currency's value.
This intervention impacted the USD/JPY pair, causing it to trim some of its intraday gains. However, the momentum was short-lived as expectations of a wide US-Japan rate differential dampened the yen's strength.
Positive Risk Tone Undermines Safe-Haven JPY
Another factor that has been boosting the USD/JPY pair was the generally positive risk tone in the market, which undermined the safe-haven appeal of the Japanese Yen and contributed to the USD/JPY pair's gains.
Investors' appetite for riskier assets has increased, leading to a decrease in demand for safe-haven currencies like the JPY. This shift in market sentiment has acted as a tailwind for the USD/JPY pair, limiting any significant appreciation of the yen.
US Dollar Selling and Fed's Policy Outlook
On the US front, the mild bearish US Dollar, driven by receding fears about further interest rate hikes by the Federal Reserve, has also had an impact on the USD/JPY pair.
The Fed's dovish stance, highlighted by its recent statements and the lack of change in forward guidance, has led to a decline in the USD's value. This has provided some support to the JPY and limited the upside potential of the USD/JPY pair.
USD/JPY - Technical Analysis
In today's trading, the USD/JPY has shown notable strength, climbing to 155.377, a gain of 0.58%. This movement marks a substantial shift, positioning the currency pair close to significant technical levels that could dictate the next phase of market activity.
The pivot point for USD/JPY is identified at $156.07. Above this mark, the immediate resistance level lies at $156.89. Should bullish momentum persist, the pair may encounter further resistance at $157.95 and $159.06.
These levels represent potential turning points where selling pressure could intensify. On the downside, initial support is seen at $154.60, with additional support levels at $153.60 and $152.60, which could provide a cushion if the price retreats.
From a technical standpoint, the Relative Strength Index (RSI) is at 41, indicating a lack of momentum as it trends towards the lower half of the neutral range. The 50-day Exponential Moving Average (EMA) at $156.00 is closely aligned with the current price, suggesting a critical juncture for trend determination.
Considering the current market setup and technical indicators, traders might consider a cautious approach. The recommended strategy includes selling below the pivot point of $156.072, targeting a take profit at $154.579, while placing a stop loss at $156.852 to protect against unexpected upward movements.
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USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Current Performance and Price Level: USD/JPY has risen to $155.377, an increase of 0.58%, approaching significant resistance and support levels.
- Key Technical Levels to Watch: Facing immediate resistance at $156.89 and support at $154.60, pivotal points for future price action.
- Trading Strategy Based on Indicators: With an RSI of 41 and 50 EMA at $156.00, consider selling below $156.072, targeting $154.579, with a stop loss at $156.852.
In today's trading, the USD/JPY has shown notable strength, climbing to 155.377, a gain of 0.58%. This movement marks a substantial shift, positioning the currency pair close to significant technical levels that could dictate the next phase of market activity.
The pivot point for USD/JPY is identified at $156.07. Above this mark, the immediate resistance level lies at $156.89. Should bullish momentum persist, the pair may encounter further resistance at $157.95 and $159.06.
These levels represent potential turning points where selling pressure could intensify. On the downside, initial support is seen at $154.60, with additional support levels at $153.60 and $152.60, which could provide a cushion if the price retreats.
From a technical standpoint, the Relative Strength Index (RSI) is at 41, indicating a lack of momentum as it trends towards the lower half of the neutral range. The 50-day Exponential Moving Average (EMA) at $156.00 is closely aligned with the current price, suggesting a critical juncture for trend determination.
Considering the current market setup and technical indicators, traders might consider a cautious approach. The recommended strategy includes selling below the pivot point of $156.072, targeting a take profit at $154.579, while placing a stop loss at $156.852 to protect against unexpected upward movements.
USD/JPY - Trade Ideas
Entry Price – Sell Below 156.072
Take Profit – 154.579
Stop Loss – 156.852
Risk to Reward – 1: 1.9
Profit & Loss Per Standard Lot = +$1493/ -$780
Profit & Loss Per Mini Lot = +$149/ -$78
USD/JPY Price Analysis – April 25, 2024
Daily Price Outlook
Despite the bearish US dollar, the USD/JPY currency pair has maintained its upward trend and remained well-bid around the 155.50 level, hitting the intraday high of 155.75. However, the reason behind this upward trend is the divergent monetary policy expectations between the Bank of Japan (BoJ) and the Federal Reserve (Fed).
It should be noted that the Bank of Japan (BoJ) is not planning to raise its interest rates or make its monetary policy less accommodative in the near future. On the other hand, the Federal Reserve (Fed) is expected to delay reducing its interest rates despite inflationary pressures, which suggests that the Fed may keep its monetary policy relatively tighter compared to the BoJ.
Therefore, this difference in monetary policy stances has led to a significant interest rate differential between the US dollar and the Japanese yen. Investors are attracted to the higher interest rates offered by the US dollar, which has contributed to the USD/JPY currency pair's bullish trend, meaning the US dollar is strengthening against the Japanese yen.
US Dollar's Bearish Bias and Its Impact on USD/JPY
On the US front, the broad-based US dollar has shown a bearish bias recently, although it has not significantly dampened the USD/JPY pair's upward momentum. However, the losses in the US dollar can be attributed to the risk-on market sentiment, which tends to weaken the safe-haven appeal of the dollar. However, these losses have been offset by slight gains in US Treasury yields, providing some support to the dollar.
Moving on, the upcoming release of the US GDP figures is expected to offer insights into the strength of the US economy and the future moves of the Fed. If the GDP report shows better-than-expected numbers, it could lead to speculation that the Fed will delay its rate-cut plans, providing further support to the USD/JPY pair.
USD/JPY - Technical Analysis
The USD/JPY pair has shown a notable increase today, rising by 0.23% to a price of 155.689. This movement positions the currency pair slightly above its pivot point of 155.166, signaling potential bullish momentum as it traverses the four-hour chart framework.
At this juncture, USD/JPY faces immediate resistance at 156.330. Should the momentum continue, the pair could encounter further resistance at 157.099 and 157.891. These resistance levels are crucial markers that could define the upper boundaries of the current bullish trend.
Conversely, the support structure for USD/JPY begins at 154.187. Additional support levels are observed at 153.488 and 152.626. A drop below these levels could signify a reversal or a deeper pullback, making them significant for traders monitoring potential downturns.
The technical indicators suggest a robust uptrend. The Relative Strength Index (RSI) stands at 80, indicating a strong buying pressure, though also approaching overbought territory which could suggest a near-term pullback. Meanwhile, the 50-day Exponential Moving Average (EMA) at 151.271 remains well below the current price, underscoring a strong upward trend over the past weeks.
Given the current technical landscape, a strategic approach would involve placing a buy limit order at 155.144. This position leverages the pair's current momentum, aiming for a take profit target at 157.065, while a stop loss at 154.199 would protect against unforeseen declines.
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USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY has advanced to 155.689, signaling potential upward movement beyond the pivot point at 155.166.
- Key resistance levels are set at 156.330, 157.099, and 157.891, with critical support starting at 154.187.
- Recommended trade setup includes a buy limit at 155.144, with objectives at 157.065 and a safeguard stop loss at 154.199.
The USD/JPY pair has shown a notable increase today, rising by 0.23% to a price of 155.689. This movement positions the currency pair slightly above its pivot point of 155.166, signaling potential bullish momentum as it traverses the four-hour chart framework.
At this juncture, USD/JPY faces immediate resistance at 156.330. Should the momentum continue, the pair could encounter further resistance at 157.099 and 157.891. These resistance levels are crucial markers that could define the upper boundaries of the current bullish trend.
Conversely, the support structure for USD/JPY begins at 154.187. Additional support levels are observed at 153.488 and 152.626. A drop below these levels could signify a reversal or a deeper pullback, making them significant for traders monitoring potential downturns.
The technical indicators suggest a robust uptrend. The Relative Strength Index (RSI) stands at 80, indicating a strong buying pressure, though also approaching overbought territory which could suggest a near-term pullback. Meanwhile, the 50-day Exponential Moving Average (EMA) at 151.271 remains well below the current price, underscoring a strong upward trend over the past weeks.
Given the current technical landscape, a strategic approach would involve placing a buy limit order at 155.144. This position leverages the pair's current momentum, aiming for a take profit target at 157.065, while a stop loss at 154.199 would protect against unforeseen declines.
USD/JPY - Trade Ideas
Entry Price – Buy Limit 155.144
Take Profit – 157.065
Stop Loss – 154.199
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$1921/ -$945
Profit & Loss Per Mini Lot = +$192/ -$94
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY currently trades at ¥154.284, with a minor decline of 0.09%.
- Key resistance observed at ¥154.75; supports begin at ¥153.41.
- Recommended strategy: Buy above ¥153.950, with targets and stops clearly defined.
The USD/JPY pair has slightly retreated today, recording a marginal decrease of 0.09%, and is currently priced at ¥154.284. Despite this slight downtick, the pair hovers above critical technical levels that could dictate short-term movements.
The pivot point for today stands at ¥153.93, acting as a baseline for the session's trading dynamics. If the pair maintains above this level, it could attempt to reach the immediate resistance at ¥154.75, followed by higher resistance levels at ¥155.36 and ¥155.99, which could serve as significant barriers to further upward movement. Conversely, support lies at ¥153.41, with additional levels at ¥152.81 and ¥151.95, where dips might find a floor, preventing deeper losses.
The Relative Strength Index (RSI) is at 58, suggesting a somewhat bullish sentiment but nearing the overbought territory, which might limit the potential for significant upside gains. The 50-day Exponential Moving Average (EMA) is at ¥153.24, currently below the pair's price, indicating an underlying bullish trend in the medium term.
For traders looking to capitalize on current market conditions, a buying strategy above the pivot point at ¥153.950 is advisable, targeting a take profit level at ¥155.000, with a stop loss set at ¥153.400 to manage risks.
While the USD/JPY exhibits slight bearish pressure in today's session, the overall market structure remains tilted towards the upside.
USD/JPY - Trade Ideas
Entry Price – Buy Above 153.950
Take Profit – 155.000
Stop Loss – 153.400
Risk to Reward – 1: 1.9
Profit & Loss Per Standard Lot = +$1050/ -$550
Profit & Loss Per Mini Lot = +$105/ -$55
USD/JPY Price Analysis – April 18, 2024
Daily Price Outlook
During Thursday's European session, the USD/JPY currency pair has sustained an upward trend, demonstrating recent bullish performance as investors show a preference for the US Dollar over the Japanese Yen. This trend is influenced by various factors, including economic indicators and market sentiment. Investors' confidence in the US economy has notably impacted the bullish performance of the USD/JPY pair. Simultaneously, the US economy's resilience amid global economic challenges has led investors to favor the US Dollar as a safe-haven currency.
Additionally, the Federal Reserve's commitment to maintaining higher interest rates for an extended period has increased the appeal of the US Dollar, resulting in heightened demand for USD-denominated assets and further strengthening the bullish stance of the USD/JPY pair.
Japan's Potential FX Intervention and Its Impact on USD/JPY Stability
On the JPY front, investors are increasingly worried about Japan's potential intervention in the FX market to bolster the Japanese Yen. This intervention is seen as a short-term tactic to halt the Yen's decline. Masato Kanda, Japan's Vice Finance Minister for International Affairs, indicated that authorities are open to various strategies to address significant Yen fluctuations.
This announcement has made market players anxious about how this intervention might affect the USD/JPY pair. The uncertainty stems from questions about the intervention's effectiveness, duration, and the ensuing volatility it could bring to currency trading strategies and risk management practices.
Therefore, the potential intervention by Japan to support the Japanese Yen has caused uncertainty and anxiety among market players regarding its impact on the USD/JPY pair's stability and volatility.
Strong US Retail Sales Data Supports USD and Delays Fed Rate Cut Speculations
On the USD front, the previously rleeased strong Retail Sales data indicated a robust US economy. This led to speculation that the Federal Reserve (Fed) might postpone its plans to ease monetary policy this year. Fed Chair Jerome Powell mentioned a willingness to delay rate cuts due to unexpectedly higher inflation readings. The central bank intends to wait until it's more confident that inflation will reach the 2% target before considering lowering borrowing rates. This stance supports the US dollar and contributed to the USD/JPY gains.
Therefore, the strong Retail Sales data and Fed's willingness to delay rate cuts due to higher inflation have boosted confidence in the US economy, supporting the USD and contributing to gains in the USD/JPY pair.
USD/JPY - Technical Analysis
The USD/JPY pair has slightly retreated today, recording a marginal decrease of 0.09%, and is currently priced at ¥154.284. Despite this slight downtick, the pair hovers above critical technical levels that could dictate short-term movements.
The pivot point for today stands at ¥153.93, acting as a baseline for the session's trading dynamics. If the pair maintains above this level, it could attempt to reach the immediate resistance at ¥154.75, followed by higher resistance levels at ¥155.36 and ¥155.99, which could serve as significant barriers to further upward movement. Conversely, support lies at ¥153.41, with additional levels at ¥152.81 and ¥151.95, where dips might find a floor, preventing deeper losses.
The Relative Strength Index (RSI) is at 58, suggesting a somewhat bullish sentiment but nearing the overbought territory, which might limit the potential for significant upside gains. The 50-day Exponential Moving Average (EMA) is at ¥153.24, currently below the pair's price, indicating an underlying bullish trend in the medium term.
For traders looking to capitalize on current market conditions, a buying strategy above the pivot point at ¥153.950 is advisable, targeting a take profit level at ¥155.000, with a stop loss set at ¥153.400 to manage risks.
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USD/JPY Price Analysis – April 04, 2024
Daily Price Outlook
The USD/JPY currency pair has shown a mixed performance recently, influenced by several factors. These include the cautious outlook of the Bank of Japan, the positive risk tone in the market, and the uncertainty surrounding the Federal Reserve's rate-cut path. Traders and investors closely monitor these variables to gauge the direction of the currency pair.
It should be noted that the BoJ has maintained a cautious outlook, highlighting the need for continued easy monetary policy to support economic growth. This dovish stance contrasts with the more uncertain path of the Federal Reserve, which has led to fluctuations in the value of both the US dollar and the Japanese yen. Additionally, a positive risk tone in the market has contributed to the subdued performance of the USD/JPY pair.
BoJ's Cautious Outlook and Positive Risk Tone: Impact on Safe-Haven JPY and USD/JPY Currency Pair
On the JPY front, the cautious outlook of the Bank of Japan (BoJ) and the positive risk tone in the market have strong impact for both the safe-haven status of the Japanese yen and the performance of the USD/JPY currency pair. However, the BoJ's dovish stance, indicating that monetary policy will remain accommodative for the foreseeable future, undermines the safe-haven appeal of the Japanese yen.
Furthermore, the positive risk tone in the market, driven by factors such as improving economic data and progress in geopolitical issues, exacerbates the downward pressure on the Japanese yen and contributed to the USD/JPY pair gains. Investors' appetite for riskier assets increases, prompting them to sell off safe-haven currencies like the yen in favor of higher-yielding alternatives.
Uncertainty Over Federal Reserve's Rate-Cut Path: Impact on USD and USD/JPY Currency Pair
On the US front, the uncertainty surrounding the Federal Reserve's rate-cut path adds bearish pressure on the US dollar and contributed to the USD/JPY pair losses. Federal Reserve officials have provided mixed signals regarding the timing and scale of potential rate cuts, leading to uncertainty among investors. While some policymakers have indicated a cautious approach, others have emphasized the need for patience in evaluating economic conditions before making any decisions on interest rates.
Therefore, this uncertainty has caused the US dollar to fluctuate, as people consider how different monetary policies might affect it. The unclear Fed rate-cut plans have also influenced the USD/JPY pair, with traders being careful before important economic data and central bank announcements.
USD/JPY - Technical Analysis
The USD/JPY pair is exhibiting a slight upward movement, trading at 151.714, which signals a marginal increase of 0.02%. The pair is currently navigating through a choppy trading session, with its price oscillating around the pivot point of 151.56. Immediate resistance levels are observed at 151.96, 152.39, and 152.82, which could serve as potential ceilings for any upward price actions. Conversely, the pair finds immediate support at 151.03, with further cushions at 150.61 and 150.25, suggesting zones where buying interest might emerge to halt downward pressures.
The Relative Strength Index (RSI) standing at 56, points towards a moderately bullish sentiment, yet not overextended, indicating room for potential upside. The 50-day Exponential Moving Average (EMA) closely aligns with the current price at 151.48, signifying a balanced market state with no clear long-term directional bias. This equilibrium suggests that traders should remain vigilant for signals of either a breakout or a reversal.
Given the current market dynamics, the technical outlook suggests a cautiously optimistic approach for USD/JPY. Traders might consider a long position if the price breaks above 151.593, targeting 152.330, while maintaining a stop loss at 151.200 to manage risk effectively.
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USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Moderate Bullish Sentiment: USD/JPY's slight increase and RSI indicate potential for further gains.
- Key Technical Levels: Watch for resistance at 151.96 and support at 151.03 to guide trading decisions.
- Strategic Entry and Exit Points: Consider buying above 151.593, with clear take profit and stop loss levels to optimize the trade setup.
The USD/JPY pair is exhibiting a slight upward movement, trading at 151.714, which signals a marginal increase of 0.02%. The pair is currently navigating through a choppy trading session, with its price oscillating around the pivot point of 151.56. Immediate resistance levels are observed at 151.96, 152.39, and 152.82, which could serve as potential ceilings for any upward price actions. Conversely, the pair finds immediate support at 151.03, with further cushions at 150.61 and 150.25, suggesting zones where buying interest might emerge to halt downward pressures.
The Relative Strength Index (RSI) standing at 56, points towards a moderately bullish sentiment, yet not overextended, indicating room for potential upside. The 50-day Exponential Moving Average (EMA) closely aligns with the current price at 151.48, signifying a balanced market state with no clear long-term directional bias. This equilibrium suggests that traders should remain vigilant for signals of either a breakout or a reversal.
Given the current market dynamics, the technical outlook suggests a cautiously optimistic approach for USD/JPY. Traders might consider a long position if the price breaks above 151.593, targeting 152.330, while maintaining a stop loss at 151.200 to manage risk effectively.
USD/JPY - Trade Ideas
Entry Price – Buy Above 151.593
Take Profit – 152.330
Stop Loss – 151.200
Risk to Reward – 1: 1.8
Profit & Loss Per Standard Lot = +$737/ -$393
Profit & Loss Per Mini Lot = +$73/ -$39