USD/JPY | Price action trading by Keon Consultancy | Feb 24, 2020

USD/JPY seemed to be slowly coming down which looked like a minor retracement until opening of US stock market today, thus it looked like USD/JPY may show significant retracement only after it reaches 112.40 areas as illustrated in USD/JPY analysis by Keon Consultancy | Feb 21, 2020

But, after opening of US stock market today, USD/JPY broke not only average but also max length range of H1 candle, so we entered sell as per Price Action Trading style. USD/JPY may come to immediate support (see screenshots) and may still continue to upside and touch 112.40.

Here is how we entered sell and what we see on H1 & D1/daily time-frames:

1 comment
  • Facebook Social Icon

© 2010-20 by

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.


Past performance is no guarantee of future results. Your capital is at risk in Forex & CFD trading.