Fundamentals:
Recent JPY strength
Technicals:
Downside breakout-retest on D1, with a bearish gartley.
Fibonacci 50% and resistance is being met.
What can cause this trade to fail?
JPY may implement further measures to ease their economy and devalue their currency.
JPY depreciation will cause SGDJPY to rise.
Recent JPY strength
Technicals:
Downside breakout-retest on D1, with a bearish gartley.
Fibonacci 50% and resistance is being met.
What can cause this trade to fail?
JPY may implement further measures to ease their economy and devalue their currency.
JPY depreciation will cause SGDJPY to rise.
Trade closed: stop reached
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