USD/JPY WEEKLY uptrend opportunity based On 1.00 Lot Calculation:
- EVENT: Friday, March 5 at 1:30 pm GMT - The February (NFP) data from the US labor market. The US economy is in a solid recovery, while the rollout of vaccines is speeding up in the US with a positive outlook to be continued. The number of newly opened jobs in the US is expected to rise to 180,000, while the unemployment rate is expected to remain at 6.3%;
- Japan is at the very early stage of vaccination as the Japanese government is struggling to provide more vaccines to its citizens;
- The currency pair is in a strong uptrend that may continue.
USD/JPY, March 1, 2021
Current price: 106.63
|
USD/JPY |
Weekly |
|
Trend Direction |
|
|
108.23 |
|
|
108.03 |
|
|
107.83 |
|
|
105.43 |
|
|
105.23 |
|
|
105.03 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
1,501 |
1,313 |
1,125 |
-1,125 |
-1,313 |
-1,501 |
|
Profit or loss Short in €** |
1,246 |
1,090 |
934 |
-934 |
-1,090 |
-1,246 |
|
Profit or loss Short in £** |
1,077 |
942 |
808 |
-808 |
-942 |
-1,077 |
|
Profit or loss Short in C$** |
1,906 |
1,668 |
1,429 |
-1,429 |
-1,668 |
-1,906 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 09:00 AM (GMT) 1/3/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details