Forex tips

buy usd jpy@155.85 sl 154.850 target 156.85/157.85 It looks like you're considering a buy position on the USD/JPY currency pair at 155.85 with a stop loss (SL) at 154.850 and potential targets at 156.85 and 157.85. This strategy indicates you're expecting the USD to strengthen against the JPY. Here's a brief analysis of your trade plan: Entry: You're entering at 155.85, which suggests you're looking for an uptrend or a continuation of the bullish trend. Stop Loss (SL): Your stop loss at 154.850 represents a risk of 105 pips. It’s important to evaluate if this distance is suitable given the volatility and your risk tolerance. Targets: You have two potential targets, 156.85 (100 pips above entry) and 157.85 (200 pips above entry). Both targets are within a reasonable range, depending on the market conditions.