Buying USDJPY trading idea today 11/19/2018
USD / JPY The pair has corrected against the backdrop of profit taking after significant growth in USD throughout the market rate . In the near future publications significant economic news that could greatly affect the price of the pair is not expected. The market's attention switched to the forthcoming meeting of G-20 in Argentina, where, as stated in the US President's administration, partial zhno conclude a new trade agreement between the US and China. If such an agreement is reached, it will significantly reduce the risk of trade wars.
Against this background, opening the deal to BUY USDJPY buying by levels: 112.600 - 112.800.
Stop / Loss: 112,270.
Take / Profit: 113,600 - 114,000.
Author: Michael Katchura Grand Capital