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03.06.202009:37 Forex Analysis & Reviews: USD/JPY - take profit!

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 03.06.2020 analysis

Good afternoon traders! Congratulations to those who used our trading idea of opening long positions to increase the USD / JPY rate. The quotes successfully reached the level of 108.

Trading idea on May 13: https://www.mt5.com/forex_analysis/quickview/250755

Trading idea on June 1: https://www.mt5.com/forex_analysis/quickview/251988

Both ideas suggested trading in a classic ABC pattern.

Here is the plan of May 13:

Exchange Rates 03.06.2020 analysis

Here is the plan of June 1:

Exchange Rates 03.06.2020 analysis

Results:

Exchange Rates 03.06.2020 analysis

The movements were 1,400 and 700 pips, respectively!

"Price Action" and "Stop Hunting" strategies were used in formulating both ideas.

Good luck!

Andrey Shevchenko
Analytical expert of InstaForex
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