2023-06-27 07:25

From the one-hour time frame, USD/JPY shows weakness in momentum with the price gradually moving lower, MACD and Stochastic RSI indicators also suggest likewise. However, the currency pair’s price is still trading above the SMA 20 trend line and above the recent support level of 143.268, suggesting that the longer-term upward trend is currently still intact. Buyers may try to find long opportunities for USD/JPY. And here’s my main point! The backtest result of the EMA 5 Crossover and Turtle 20 Strategy suggests that you can accumulate around 3% to 4% profits when you follow the signals and exit criteria for this currency pair. The volatility and risk-to-reward ratio are also healthy for traders looking for a more stable trading environment. Here’s the backtest result for your reference. EMA 5 Crossover Turtle 20 Strategy Just sharing. Trade at your own risk!