USD/JPY Price Analysis – June 13, 2024
Daily Price Outlook
The USD/JPY currency pair has maintained its upward momentum and remained well bid around 157.09, hitting the intra-day high of 157.35 level. However, the upward trend was primarily driven by strength in the US Dollar.
The bullish trend in the USD can be attributed to the Federal Reserve's unexpectedly hawkish stance following its recent policy meeting. The Fed revised its projections, signaling a reduced likelihood of rate cuts this year due to expectations of higher inflation.
Fed’s Hawkish Outlook Supports USD/JPY Amid Soft US CPI
On the US front, the Federal Reserve's hawkish outlook has played a major role in supporting the USD/JPY pair. The hawkish stance overshadowing softer-than-expected US Consumer Price Index (CPI) data released recently.
The US CPI figures for May showed no change month-over-month and a slight decrease in the yearly rate to 3.3% from 3.4% in April. Moreover, the core CPI, excluding volatile food and energy prices, dropped to 3.4%, marking its lowest level in over three years.
Despite modest US Consumer Price Index (CPI) figures, the Fed's confidence has bolstered market expectations of a robust US economy and the possibility of future interest rate hikes. This positive sentiment has favored the USD over the Japanese Yen, contributing to the upward trend in the USD/JPY exchange rate.
Traders Await BoJ Decision Amid Reluctance in USD/JPY Directional Bets
Looking ahead, traders are exercising caution and hesitating to place significant directional bets on the USD/JPY pair as they await the outcome of the Bank of Japan (BoJ) policy meeting.
This decision is crucial because there's speculation that the bank might change how it handles its monetary policy, especially in terms of buying government bonds. Such changes could significantly affect the currency pair's direction in the market.
Meanwhile, the uncertainty surrounding the BoJ's stance stems from Japan's economic challenges, including sluggish growth and persistent deflationary pressures. Market participants are keenly watching for any signals that could impact the yen's safe-haven appeal and influence the USD/JPY pair.
USD/JPY - Technical Analysis
The USD/JPY pair is currently trading at $157.20, showing a modest gain of 0.24%. This upward momentum is notable as the pair edges closer to critical resistance levels. The pivot point to monitor stands at $157.72, a crucial level that could influence future price movements.
Immediate resistance is identified at $157.41, with subsequent resistances at $157.91 and $158.43, indicating potential targets for bullish traders. On the downside, immediate support is found at $156.31, followed by additional supports at $155.79 and $155.11.
These levels are significant as they highlight areas where buying interest might emerge to stabilize the price.
The Relative Strength Index (RSI) is at 55, suggesting a neutral to slightly bullish sentiment. The 50-day Exponential Moving Average (EMA) is positioned at $156.40, with the current price trading above this level, reinforcing the bullish outlook.
Technical indicators point towards a bullish trend as long as the price remains above the pivot point of $157.72.
In conclusion, the technical outlook for USD/JPY remains bullish above the pivot point of $157.72. Traders may consider a buy limit order at $156.765, aiming for a take profit level at $157.723. A stop loss should be placed at $156.305 to mitigate risk effectively.
Related News
- GOLD Price Analysis – June 13, 2024
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY trading at $157.20, up 0.24%, nearing critical resistance levels.
- Immediate resistance at $157.41, with support at $156.31 indicating potential for upward momentum.
- RSI at 55 and 50 EMA at $156.40 support a bullish outlook.
The USD/JPY pair is currently trading at $157.20, showing a modest gain of 0.24%. This upward momentum is notable as the pair edges closer to critical resistance levels. The pivot point to monitor stands at $157.72, a crucial level that could influence future price movements.
Immediate resistance is identified at $157.41, with subsequent resistances at $157.91 and $158.43, indicating potential targets for bullish traders. On the downside, immediate support is found at $156.31, followed by additional supports at $155.79 and $155.11. These levels are significant as they highlight areas where buying interest might emerge to stabilize the price.
The Relative Strength Index (RSI) is at 55, suggesting a neutral to slightly bullish sentiment. The 50-day Exponential Moving Average (EMA) is positioned at $156.40, with the current price trading above this level, reinforcing the bullish outlook.
Technical indicators point towards a bullish trend as long as the price remains above the pivot point of $157.72.
In conclusion, the technical outlook for USD/JPY remains bullish above the pivot point of $157.72. Traders may consider a buy limit order at $156.765, aiming for a take profit level at $157.723. A stop loss should be placed at $156.305 to mitigate risk effectively.
USD/JPY - Trade Ideas
Entry Price – Buy Limit 156.765
Take Profit – 157.723
Stop Loss – 156.305
Risk to Reward – 1: 2
Profit & Loss Per Standard Lot = +$958/ -$460
Profit & Loss Per Mini Lot = +$95/ -$46
USD/JPY Price Analysis – June 6, 2024
Daily Price Outlook
During the European trading session, the USD/JPY currency pair showed bullish performance and remained well bid around 156.19, hitting the intra-day high of 156.38 level.
The reason for its upward trend can be attributed to the US dollar, which is gaining strength against the Japanese yen as investors turn towards the US dollar in anticipation of the release of key US economic data, particularly the Nonfarm Payrolls (NFP) report scheduled for Friday.
The NFP report is closely watched by market participants as it provides insights into the health of the US labor market, influencing the Federal Reserve's monetary policy decisions.
Moreover, there is speculation that the Federal Reserve may implement rate cuts in the future. This speculation has put pressure on the US dollar, but anticipation of the NFP report has still driven investors towards the currency, resulting in a bullish performance of the USD/JPY pair.
Impact of Investor Sentiment and Economic Data on USD/JPY
On the US front, investors' turn towards the US dollar ahead of the NFP report, which has had a significant impact on the USD/JPY pair. Meanwhile, the mixed economic data from the US has fueled speculation of rate cuts by the Federal Reserve, anticipation of the NFP report has overshadowed these concerns, leading to increased demand for the US dollar.
However, uncertainty surrounding future monetary policy decisions by the Federal Reserve could limit the upside of the US dollar and the USD/JPY pair. If the NFP report fails to meet expectations or indicates weakening economic conditions in the US, it could further dampen investor sentiment towards the US dollar, thereby affecting the performance of the USD/JPY pair.
Impact of Japan’s Bond Yields on USD/JPY
On the other side, Japan's 10-year bond yield falling below 1% for the first time in two weeks has also influenced the USD/JPY pair.
However, the lower bond yields in Japan indicate reduced attractiveness of Japanese assets, prompting investors to seek higher-yielding assets such as the US dollar. Consequently, this has contributed to the bullish performance of the USD/JPY pair as investors favor the US dollar over the Japanese yen.
However, ongoing challenges in Japan's economy, including weak inflation and stagnant wage growth, continue to weigh on the Japanese yen and support the upward trend of the USD/JPY pair.
USD/JPY - Technical Analysis
USD/JPY is currently trading at $156.29, reflecting a marginal increase of 0.01% on a four-hour chart timeframe. The pivot point is positioned at $157.25, a crucial level for determining the market's direction.
Immediate resistance is observed at $156.59, followed by $157.72 and $158.62. On the downside, immediate support is found at $154.55, with subsequent levels at $153.65 and $152.77.
The Relative Strength Index (RSI) is at 52, indicating a balanced momentum without overbought or oversold conditions. The 50-day Exponential Moving Average (EMA) is at $156.59, aligning closely with the current price and suggesting consolidation around this level.
In conclusion, USD/JPY presents a cautious bullish outlook above $155.350. Traders are recommended to consider buying above this level, with a target of $157.250. A stop loss should be set at $154.500 to mitigate potential downside risks.
The current technical indicators and key price levels suggest that while the market shows a slight upward bias, significant movements depend on breaking through key resistance levels at $156.59 and $157.72.
Conversely, a drop below immediate support at $154.55 could shift the trend towards a bearish outlook, warranting close observation of subsequent support levels.
Related News
- GOLD Price Analysis – June 6, 2024
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY trades at $156.29, up 0.01%, with balanced momentum and a 50-day EMA at $156.59.
- Immediate resistance levels: $156.59, $157.72, $158.62; support levels: $154.55, $153.65, $152.77.
- Entry Price: Buy above $155.350; Take Profit: $157.250; Stop Loss: $154.500 for risk management.
USD/JPY is currently trading at $156.29, reflecting a marginal increase of 0.01% on a four-hour chart timeframe. The pivot point is positioned at $157.25, a crucial level for determining the market's direction.
Immediate resistance is observed at $156.59, followed by $157.72 and $158.62. On the downside, immediate support is found at $154.55, with subsequent levels at $153.65 and $152.77.
The Relative Strength Index (RSI) is at 52, indicating a balanced momentum without overbought or oversold conditions. The 50-day Exponential Moving Average (EMA) is at $156.59, aligning closely with the current price and suggesting consolidation around this level.
In conclusion, USD/JPY presents a cautious bullish outlook above $155.350. Traders are recommended to consider buying above this level, with a target of $157.250. A stop loss should be set at $154.500 to mitigate potential downside risks.
The current technical indicators and key price levels suggest that while the market shows a slight upward bias, significant movements depend on breaking through key resistance levels at $156.59 and $157.72.
Conversely, a drop below immediate support at $154.55 could shift the trend towards a bearish outlook, warranting close observation of subsequent support levels.
USD/JPY - Trade Ideas
Entry Price – Buy Above 155.350
Take Profit – 157.250
Stop Loss – 154.500
Risk to Reward – 1: 2.2
Profit & Loss Per Standard Lot = +$1900/ -$850
Profit & Loss Per Mini Lot = +$190/ -$85
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY trades at $156.760, down 0.34%, with key support at $155.840.
- Immediate resistance levels at $157.720, $158.619, and $159.633 mark potential upward targets.
- RSI at 44 indicates neutral sentiment; 50 EMA at $156.748 provides resistance.
USD/JPY is currently trading at $156.760, reflecting a decline of 0.34%. The pivot point at $156.608 is a critical level for determining the next market direction. Immediate resistance is observed at $157.720, with subsequent resistance levels at $158.619 and $159.633.
These resistance levels indicate potential areas where the price might face upward pressure and potentially reverse.
Conversely, immediate support is found at $155.840, followed by $154.630 and $153.649. These support levels are crucial as they could signify further downward movements if the price breaches them.
Technical indicators show the Relative Strength Index (RSI) at 44, suggesting a neutral market sentiment. The 50-day Exponential Moving Average (EMA) is positioned at $156.748, slightly above the current price, indicating potential resistance if the price attempts a rebound.
Given the current market dynamics, the outlook for USD/JPY remains cautiously bullish above the pivot point of $156.608.
The strategy for traders would be to consider buying above $156.620, with a take profit target at $157.718 and a stop loss at $156.030. This approach aims to capitalize on any upward momentum while mitigating risks.
USD/JPY - Trade Ideas
Entry Price – Buy Above 156.620
Take Profit – 157.718
Stop Loss – 156.030
Risk to Reward – 1: 1.8
Profit & Loss Per Standard Lot = +$1098/ -$590
Profit & Loss Per Mini Lot = +$109/ -$59
USD/JPY Price Analysis – May 30, 2024
Daily Price Outlook
During the European trading session, the USD/JPY currency pair experienced bearish performance, remaining under pressure around the 156.69 level and hitting an intraday low of 156.54.
The declines were driven by a strengthened Japanese Yen following hawkish comments from the BoJ's Adachi. Bank of Japan (BoJ) board member Seiji Adachi's remarks, made on Wednesday, indicated a favorable stance towards raising interest rates if a weaker Japanese Yen (JPY) leads to heightened inflation.
This sentiment led to a strengthening of the JPY, causing the USD/JPY pair to trend downwards. Meanwhile, the US Dollar held its ground amidst anticipation of key US economic releases and a hawkish stance from the Federal Reserve, limiting the USD/JPY pair's declines.
Japanese Yen Gains Ground After BoJ Comments:
As mentioned above, the Japanese Yen (JPY) gained ground in the currency markets following comments from Bank of Japan (BoJ) board member Seiji Adachi. Adachi expressed favorability towards raising interest rates if a weaker JPY leads to heightened inflation, bolstering the JPY's position.
This rise in the JPY's value had a notable impact on the USD/JPY pair, causing it to decline as the JPY strengthened against the US Dollar (USD).
US Dollar Holds Ground Ahead of US Economic Releases:
On the US front, the broad-based US Dollar (USD) managed to hold its ground amidst the recent developments, including hawkish remarks from Federal Reserve officials and anticipation of key US economic data releases.
The Federal Reserve's cautious approach to monetary policy and the anticipation of US Gross Domestic Product Annualized (Q1) data and Core Personal Consumption Expenditures (PCE) Price Index data influenced the USD's stability.
Despite the USD's resilience, the USD/JPY pair faced downward pressure due to the strengthened JPY. The significant yield gap between the US and Japan, fueled by hawkish remarks from Federal Reserve officials, contributed to the USD/JPY pair's downward trend.
Additionally, the BoJ's potential interest rate hike speculation further impacted the pair, as investors turned to the JPY carry trades, leveraging the low-interest JPY against higher-yielding USD assets.
USD/JPY - Technical Analysis
USD/JPY is currently trading at $156.760, reflecting a decline of 0.34%. The pivot point at $156.608 is a critical level for determining the next market direction. Immediate resistance is observed at $157.720, with subsequent resistance levels at $158.619 and $159.633.
These resistance levels indicate potential areas where the price might face upward pressure and potentially reverse.
Conversely, immediate support is found at $155.840, followed by $154.630 and $153.649. These support levels are crucial as they could signify further downward movements if the price breaches them.
Technical indicators show the Relative Strength Index (RSI) at 44, suggesting a neutral market sentiment. The 50-day Exponential Moving Average (EMA) is positioned at $156.748, slightly above the current price, indicating potential resistance if the price attempts a rebound.
Given the current market dynamics, the outlook for USD/JPY remains cautiously bullish above the pivot point of $156.608.
The strategy for traders would be to consider buying above $156.620, with a take profit target at $157.718 and a stop loss at $156.030. This approach aims to capitalize on any upward momentum while mitigating risks.
Related News
- GOLD Price Analysis – May 30, 2024
USD/JPY Price Analysis – May 23, 2024
Daily Price Outlook
Despite the bullish U.S. dollar, the USD/JPY currency pair has been unable to break its downward trend, remaining well-offered around the 156.70 level and hitting an intraday low of 156.56. The bearish bias in the currency pair can be attributed to multiple factors, including Japan’s stable bond purchasing strategy, an improving manufacturing sector, and the Federal Open Market Committee's (FOMC) cautious approach to interest rate cuts. These factors collectively contribute to the recent performance of the USD/JPY.
However, the recent policy decisions by the Bank of Japan (BoJ) boosted the Japanese yen and contributed to the USD/JPY currency pair declines. The BoJ's announcement that it would maintain the amounts of Japanese government bonds (JGB) purchased in its latest operation reflects a deliberate strategy following a previous reduction in bond purchases of 5-10 year bonds over a month ago. This stability in bond purchasing signals a cautious or "hawkish" approach by the BoJ, indicating a reluctance to pursue further monetary easing measures.
On the other hand, the heightened geopolitical tensions, particularly those involving China and Taiwan, have fueled investor demand for safe-haven assets like the JPY. As a result, the USD/JPY pair has experienced bearish pressure.
Japan's Manufacturing PMI and Its Impact on USD/JPY Pair
Another factor impacting the USD/JPY currency pair is the recent improvement in Japan's Manufacturing Purchasing Managers Index (PMI). In May, Japan’s Manufacturing PMI rose to 50.5, up from April’s 49.6, according to data released by Jibun Bank and S&P Global. This rise marks the first expansion in manufacturing activity since May 2023, indicating a positive shift in Japan's economic outlook.
Meanwhile, the PMI surpassing market expectations of 49.7 suggests that manufacturing activity is recovering, which can boost investor confidence in the Japanese economy. As a result, a stronger manufacturing sector can lead to an appreciation of the JPY, exerting downward pressure on the USD/JPY pair.
FOMC Minutes and Their Impact on USD/JPY Pair
On the flip side, the broad-based US dollar has shown a bullish bias, particularly following the release of the latest Federal Open Market Committee (FOMC) minutes. These minutes unveiled that Federal Reserve policymakers have concerns regarding the persistent nature of inflation, which hasn't waned as swiftly as expected. This prolonged inflation has prompted the Fed to adopt a cautious stance toward interest rate cuts.
Therefore, the US dollar has strengthened due to the Fed's caution on inflation, but the JPY's strength, supported by Japan's improving economy and stable BoJ policies, counteracts, maintaining a bearish trend for USD/JPY.
USD/JPY - Technical Analysis
The USD/JPY is currently trading at $156.75, down 0.02% for the day. The 4-hour chart indicates a pivot point at $156.87. Key resistance levels are $157.97, $158.98, and $159.97, while immediate support levels are $155.80, $154.61, and $153.43.
The Relative Strength Index (RSI) is at 65, suggesting that the pair is approaching overbought territory. This could indicate a potential pullback in the short term. The 50-day Exponential Moving Average (EMA) is at $155.94, providing a key support level that, if breached, could signal further downside.
Technically, the USD/JPY shows signs of potential bearish movement as it trades just below the pivot point. A recommended strategy is to sell below $156.87, targeting a take-profit level of $155.80 and setting a stop loss at $157.75. This approach leverages the potential for a correction from the current overbought conditions while managing risk.
Despite the minor decline today, the overall sentiment appears cautiously bearish given the RSI and the proximity to the pivot point. Should the USD/JPY break below immediate support at $155.80, further declines towards $154.61 and $153.43 are plausible. Conversely, a break above $156.87 could test the resistance levels at $157.97 and $158.98.
Related News
- GOLD Price Analysis – May 23, 2024
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY Price: $156.75, down 0.02%, with immediate support at $155.80 and resistance at $157.97.
- RSI: 65, indicating the pair is nearing overbought territory, suggesting potential for a pullback.
- 50-day EMA: $155.94, providing a key support level, reinforcing the potential for bearish movement.
The USD/JPY is currently trading at $156.75, down 0.02% for the day. The 4-hour chart indicates a pivot point at $156.87. Key resistance levels are $157.97, $158.98, and $159.97, while immediate support levels are $155.80, $154.61, and $153.43.
The Relative Strength Index (RSI) is at 65, suggesting that the pair is approaching overbought territory. This could indicate a potential pullback in the short term. The 50-day Exponential Moving Average (EMA) is at $155.94, providing a key support level that, if breached, could signal further downside.
Technically, the USD/JPY shows signs of potential bearish movement as it trades just below the pivot point. A recommended strategy is to sell below $156.87, targeting a take-profit level of $155.80 and setting a stop loss at $157.75. This approach leverages the potential for a correction from the current overbought conditions while managing risk.
Despite the minor decline today, the overall sentiment appears cautiously bearish given the RSI and the proximity to the pivot point. Should the USD/JPY break below immediate support at $155.80, further declines towards $154.61 and $153.43 are plausible. Conversely, a break above $156.87 could test the resistance levels at $157.97 and $158.98.
USD/JPY - Trade Ideas
Entry Price – Sell Below 156.870
Take Profit – 155.800
Stop Loss – 157.750
Risk to Reward – 1: 1.2
Profit & Loss Per Standard Lot = +$1070/ -$880
Profit & Loss Per Mini Lot = +$107/ -$88
USD/JPY Price Analysis – May 16, 2024
Daily Price Outlook
During the European trading session, the USD/JPY currency pair has shown a mild bullish performance recently, bouncing back from its low near 155.20. This upward trend can be attributed to several factors including the stabilization of the US dollar following a notable decline. The greenback had faced pressure due to decline in the United States Consumer Price Index (CPI) data for April. However, as the US Dollar stabilized, the USD/JPY pair found buying interest, leading to its recovery.
Investor sentiment also contributed to the pair's upward movement. There's a growing belief among investors that the Federal Reserve (Fed) might initiate interest rate cuts, possibly beginning with the September meeting. This conviction has been bolstered by recent data showing a decrease in both headline and core CPI figures. The likelihood of interest rate reductions in September, as suggested by the CME Fedwatch tool, has risen, indicating enhanced investor confidence in the possibility of rate cuts.
Impact of the US Dollar Resurgence and Fed's Dovish Stance on USD/JPY Pair
On the US front, the resurgence of the US Dollar has played a crucial role in shaping the performance of the USD/JPY pair. Following a notable drop driven by anticipations of diminished CPI data, the greenback found stability. This stabilization occurred even amidst apprehensions that a singular decrease in price pressures might not be adequate to justify prolonged inflation below the Fed's 2% target.
However, the dovish stance of the Fed has also impacted the performance of the USD/JPY pair. While the probability of interest rate cuts in September has increased, Fed policymakers are not expected to immediately endorse such cuts. The uncertainty surrounding future monetary policy decisions has contributed to fluctuations in the USD/JPY pair.
Meanwhile, the previous US economic data, particularly the decline in CPI figures, had initially weighed on the US Dollar. However, the currency's recovery suggests that investors are reassessing their expectations and adjusting their positions accordingly, leading to a mild bullish performance in the USD/JPY pair.
Challenges in the Japanese Economy and Implications for USD/JPY Pair
On the other hand, the Japanese economy has faced challenges, particularly in the first quarter of this year. Preliminary Gross Domestic Product (GDP) data revealed a faster contraction than anticipated, with the economy shrinking by 0.5%. This contraction has raised concerns about the Bank of Japan's plans to extend its policy-tightening cycle.
Therefore, the weakening of the Japanese economy has implications for the USD/JPY pair. A contracting economy could dampen investor confidence in the Japanese Yen, leading to a relative strengthening of the US Dollar against the Yen.
USD/JPY - Technical Analysis
USD/JPY is currently trading at $154.324, down 0.38% from the previous session. The 4-hour chart provides a detailed view of key price levels and technical indicators, essential for guiding trading decisions.
The pivot point for USD/JPY is at $154.77. Immediate resistance levels are observed at $155.76, $156.83, and $157.96. On the downside, immediate support levels are identified at $152.86, $151.91, and $150.80.
The Relative Strength Index (RSI) stands at 34, indicating that the market is nearing oversold conditions. This suggests a possible rebound if the selling pressure diminishes.
The 50-day Exponential Moving Average (EMA) is positioned at $155.31, providing a near-term resistance level that the pair needs to overcome to resume its upward trend.
Given these technical factors, a strategic trading approach is advised. Selling below the pivot point of $155.045 could be advantageous, targeting a take-profit level of $152.882 and setting a stop-loss at $157.045.
The RSI nearing oversold territory suggests that the current downward trend might face challenges if the support levels hold.
A failure to breach the resistance at $155.76 could result in a pullback toward the support at $152.86 or even lower. Market participants should remain vigilant for any shifts in sentiment that could alter the trading landscape.
A strategic approach would be to sell below $155.045 with a take-profit target at $152.882 and a stop-loss at $157.045.
Related News
- GOLD Price Analysis – May 16, 2024
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY trades at $154.324, down 0.38%, with key resistance at $155.76.
- RSI at 34 indicates nearing oversold conditions, suggesting potential for a rebound.
- Strategic sell below $155.045 with take-profit at $152.882 and stop-loss at $157.045.
USD/JPY is currently trading at $154.324, down 0.38% from the previous session. The 4-hour chart provides a detailed view of key price levels and technical indicators, essential for guiding trading decisions.
The pivot point for USD/JPY is at $154.77. Immediate resistance levels are observed at $155.76, $156.83, and $157.96. On the downside, immediate support levels are identified at $152.86, $151.91, and $150.80.
The Relative Strength Index (RSI) stands at 34, indicating that the market is nearing oversold conditions. This suggests a possible rebound if the selling pressure diminishes.
The 50-day Exponential Moving Average (EMA) is positioned at $155.31, providing a near-term resistance level that the pair needs to overcome to resume its upward trend.
Given these technical factors, a strategic trading approach is advised. Selling below the pivot point of $155.045 could be advantageous, targeting a take-profit level of $152.882 and setting a stop-loss at $157.045.
The RSI nearing oversold territory suggests that the current downward trend might face challenges if the support levels hold.
A failure to breach the resistance at $155.76 could result in a pullback toward the support at $152.86 or even lower. Market participants should remain vigilant for any shifts in sentiment that could alter the trading landscape.
A strategic approach would be to sell below $155.045 with a take-profit target at $152.882 and a stop-loss at $157.045.
USD/JPY - Trade Ideas
Entry Price – Sell Below 155.045
Take Profit – 152.882
Stop Loss – 157.045
Risk to Reward – 1: 1.2
Profit & Loss Per Standard Lot = +$216/ -$200
Profit & Loss Per Mini Lot = +$21/ -$20