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USD/JPY

Market Opportunities - 14/05/2019

14 May, 2019

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

USD/JPY uptrend opportunity based On 1.00 Lot Calculation:

U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war. With sharp declines in U.S. stocks, the dollar was under pressure as investors looked for refuge in safe-haven assets such as Japanese yen.

Bank of Japan Governor Haruhiko Kuroda said on Tuesday he would consider additional easing without hesitation if consumer prices lost upward momentum. Kuroda, speaking in parliament, said the BOJ was committed to keeping short- and long-term rates low until at least the spring of 2020, adding rates could remain low beyond that period. Kuroda also said the BOJ’s forward guidance did not mean it would re-evaluate its policy immediately in spring 2020.

USD/JPY, May 14, 2019
Pivot point: 109.583

USD/JPY

Weekly

Trend Direction

UP

Resistance 3

112.575

Resistance 2

111.931

Resistance 1

110.923

Support 1

108.247

Support 2

107.525

Support 3

106.973

Example of calculation base on weekly trend direction for 1.00 Lot*

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

2,729.11

2,141.69

1,222.26

-1,218.61

-1,877.17

-2,380.67

Profit or loss in €*

2,437.96

1,913.21

1,091.87

-1,088.61

-1,676.91

-2,126.70

Profit or loss in £**

2,085.87

1,636.90

934.18

-931.39

-1,434.73

-1,819.56

* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 09:30 (GMT +1) 14/05/2019
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account Manager regarding their use.
*** Please consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Senior Account Manager for more details

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