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RaynLim
Mar 25, 2023 4:09 PM

Safe Haven Currency Long

U.S. Dollar/Japanese YenFXCM

Description

If you are in trading for a good 10 years, you would understand the effect of the Safe Haven Currency. I'm waiting for the market to retest at 130.05 for the RSI Divergence on this counter-trend trading setup.

Many traders would see the USDJPY as going on a Bearish movement, but it is merely a retracement.

Furthermore, the Bull run on the USDJPY has not ended, so I'm looking for the opportunity to keep buying the USDJPY trade.
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