USDJPY bulls have their last chance to achieve something important. With DXY close to the top, there is a huge bearish divergence on Daily chart which should start working at some moment. Price above 107.5 would break this divergence but I seriously doubt this will happen
Will start building shorts next week, hopefully from 104.5-105, targeting 95 as first target and, eventually, 90-85 zone
Will start building shorts next week, hopefully from 104.5-105, targeting 95 as first target and, eventually, 90-85 zone
Trade active:
Shorted 104.69 yesterday, it is still active but moved at breakeven already
Trade closed: stop reached:
Trade closed at breakeven. Update to follow
Trade active:
Longed 103, moved to breakeven now. I think it will get to 107
Trade closed manually:
Stopped out at breakeven
Trade active:
Shorted 108.50, moved to breakeven. TP: 95
Trade closed manually:
Stopped at breakeven
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
If next week there will be a correction in this pair, I´d say "buy the dip" but with a lot of attention as this still would be the part of a great shakeout which started back in June