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Last week's trading recommendation was to work for a price increase in the USD / JPY pair .
The plan involved completing the wave pattern (ABC) on the daily chart, which formed amid positive news on Pfizer's COVID-19 vaccine.
The pair's bullish impulse waves were arranged like this:
In the plan, the initial risk was the monthly low. But now, due to the strong data on US PMI, it should decrease according to the scenario below:
Target profit will remain the same, that is, a quote of 105.6.
Price Action and Stop Hunting were used for this trading strategy.
Good luck!
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.