As we Said, so it Happened for Forex Currency USD/JPY Trading Pair. In our post dated April 21, 2018, we wrote, “Forex currency pair USD/JPY is at a very critical position now. Do you know how to Trade USD/JPY from here? The currency pair USD/JPY is trading now, at the time of writing this Blog Post, at 107.63….” and we projected the take profit target at 110.7846.
After our post dated April 21, 2018, the currency pair Japanese Yen (USDJPY or USD/JPY which is the abbreviation for U.S. dollar and Japanese yen cross rate which shows how many Japanese yen are needed to purchase one U.S. dollar) moved steadily after crossing our resistance line at 107.904 to our Take Profit Target of 110.7846. It achieved the said Target on May 22, 2018. This represents a gain of 287 points.
We need to note here that, 1 point can mean investing $10 (per point) if you are trading Standard Lot (Trading volume) or $1 (per point) if you are trading Mini Lot or $0.10 (per point) if you are trading Micro Lot.
To Trade Forex Currency USD/JPY pair Professional way and to find out the answers to all your Trading related queries, please contact us at 03 9566 7275 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.
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