USDJPY Analysis and Trade Recommendation
TRADE Recommendation: BUY 81.60 USDJPY stop to open, use 81.85 stop loss, move stop to breakeven at 82.12.
Price Target 1 = 82.50
Price Target 2 = 83.33
Price Target 3 = 84.45 or greater.
If the market fails to reach entry price on Dollar-Yen and breaks below Tuesday's lowest price, then the expectations are for new 20 day lows. See the Dollar-Yen below with the forecast.
DOW Charts and Trade Recommendation
TRADE Recommendation: BUY (already long) so buy DJI on 13000 limit, use 12890 stop loss, move stop to breakeven at 13100 and exit 1/3 of position.
Price Target 2 = 13315, exit another 1/3 and trail stop on remaining position.
The Dow analysis chart is provided below.
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