SHORT THE DKKJPY DURING CENTRAL BANKS' STERILIZATION PERIOD
After visiting the level of 17.60 the upper medium term band for 15 % width of band as permitted by the monetary policy, then the BOJ and Danish central bank undertook market sterilization to slower the strengthening of DKK by JPY. Accordingly, short DKKJPY during the central banks' market sterilization become feasible with the following details:
Short at 17.60/17.25
Stop loss at 17.70
Target T1. 17.00 T2. 16.50
Duration: 2-3 months
Risk Management:
Manage the stop loss to entry rate after the pair break the level of 16.75 for risk free trading position management.
Note:
To follow and evaluate the performance of this analysis please click the chart and then >, to include any updates on this analysis as may be made during the trading period.
Short at 17.60/17.25
Stop loss at 17.70
Target T1. 17.00 T2. 16.50
Duration: 2-3 months
Risk Management:
Manage the stop loss to entry rate after the pair break the level of 16.75 for risk free trading position management.
Note:
To follow and evaluate the performance of this analysis please click the chart and then >, to include any updates on this analysis as may be made during the trading period.