USDJPY LOSS

USDJPY LOSS
21st July 2017 contacttf
DEFINITION of 'USD/JPY (U.S. Dollar/Japanese Yen) ' The abbreviation for the U.S. dollar and Japanese yen (USD/JPY) pair or cross for the currencies of the United States (USD) and Japan (JPY). The currency pair shows how many Japanese yen (the quote currency) are needed to purchase one U.S. dollar (the base currency).

I was watching this pair for some time. My entry was very good.

Unfortunately, trade did not work out.

After trade analysis
My entry was not correct. Price went down lower for a quick bounce up. The price is in a range though.

Most forex traders are more successful during the late US, Asian or early European trading sessions – essentially 2 PM to 6 AM Eastern Time (New York), which is 7 PM to 11 AM UK time.

 

 

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*