USD/JPY Weekly uptrend opportunity based on 1.00 Lot Calculation:
- EVENT: Tuesday, September 14 at 01:30 pm GMT+1 - The U.S. Core CPI for August. The last month indicated an increase of 4.3% while the headline inflation showed 5.4% an annual basis;
- Rising US inflation pushes the Fed to start tapering of its massive bond-buying program sooner rather than later, which may be supportive for the dollar;
USD/JPY, September 9, 2021
Current Price: 109.84
USD/JPY |
Weekly |
Trend Direction |
|
110.94 |
|
110.74 |
|
110.54 |
|
109.14 |
|
108.94 |
|
108.74 |
Example of calculation based on weekly trend direction for 1.00 Lot*
Profit or loss Short in $ |
1,001 |
819 |
637 |
-637 |
-819 |
-1,001 |
Profit or loss Short in €** |
846 |
692 |
539 |
-539 |
-692 |
-846 |
Profit or loss Short in £** |
725 |
594 |
462 |
-462 |
-594 |
-725 |
Profit or loss Short in C$** |
1,270 |
1,039 |
808 |
-808 |
-1,039 |
-1,270 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 09:30 am (GMT+1) 9/9/2021
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