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Apr 02, 2025

Trade ideas

USDJPY: Symmetrical Triangle

USDJPY, H2

USDJPYH2.png

USDJPY breached below the symmetrical triangle and a 200-MA line. The price is currently testing the 149.20 support level, while the RSI falls below its trendline and the mid-line down.

  • Consider a short trade on USDJPY on a break below 149.20, with the target at 148.70.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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