USDJPY (US Dollar to Japanese Yen Rate) Price Long Term Forecast: BUY

USDJPY (US Dollar to Japanese Yen Rate) Price Long Term Forecast: BUY - Forex Trading Today

Tuesday, November 06, 2018

USDJPY is unlikely to go up very high. Therefore, it does not seem to be good for position trading.

USDJPY (US Dollar to Japanese Yen Rate) Price Long Term Forecast and Trading Ideas:
Long Term BUY
Eentry Price below 111.32
1st Target Price 121.87 (+10.55pt, +9.48%)
Stoploss Price 110 (-1.32pt, -1.19%)

[USDJPY Japanese Yen Monthly Chart]

USDJPY (US Dollar to Japanese Yen Rate) Price Long Term Forecast: BUY

Position Trading : hold a position for the long-term (weeks to months and years) to profit from the move in the primary trend.

Swing Trading : a short-term(days to a couple of weeks) trading method and focuses on taking smaller gains.

Day Trading : Day trading could make it possible for trader to get some good profits fast. However, it can be very risky.

It is very difficult to do and demands a high level of concentration. Trader has to sit in front of computer screens and practically glue their eyes to the price action.

Day trader should use a risk-management method keeping capital losses to a minimum. Again, day trading could be Very Risky.

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USDJPY (US Dollar to Japanese Yen Rate) Price Long Term Forecast: BUY - Forex Trading Today