Daily Trade Ideas

USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal

By LonghornFX Technical Analysis
Sep 27, 20231 min
Usdjpy

Daily Price Outlook

    The USD/JPY pair currently hovers near the 149.00 mark, with the stochastic indicator showing emerging positive convergence, suggesting potential upward momentum in the coming sessions. Our subsequent target for this bullish trend is set at 150.00.

    The ongoing bullish inclination is bolstered by the EMA50's persistent positive influence. This bullish perspective is contingent upon the price maintaining its stance above 148.25.

    For today, the anticipated trading parameters are anchored between a support at 148.30 and a resistance at 149.80, with the predominant market sentiment leaning bullish.

    USD/JPY Price Chart – Source: Tradingview
    USD/JPY Price Chart – Source: Tradingview

    USD/JPY - Trade Idea 

    Entry Price – Buy Above 148.875

    Take Profit – 149.567

    Stop Loss – 148.431

    Risk to Reward – 1: 1.4

    Profit & Loss Per Standard Lot = +$692/ -$444

    Profit & Loss Per Micro Lot = +$69/ -$44

    Please click here to read and acknowledge our Trade Ideas Disclaimer before using these ideas in your strategies and trading. This document’s information, including forex signals and research, is for general informational and educational purposes only and does not provide specific financial, investment, or trading advice.

    USD/JPY

    JOIN LONGHORNFX TODAY

    24/7 live support, lightning fast withdrawals, guaranteed safe and reliable trading platforms with a true ECN broker.

    OPEN A NEW ACCOUNT