Morning traders,
OPEC's "agreement" caused a lot of noise in markets yesterday, including testing our limits on the usdjpy shorts to 114.70 close to SL.
Previous usdjpy longs hit the 114.70 target, as for the covering shorts we leave running for targets as they are now backed up with this bearish white swan pattern on the daily.
Wishing all the best to you guys in the month of December, it is festive period so lets make some extra pips.
GL and please remember to like and comment.
(previous usdjpy ideas mentioned in the description are attached)
OPEC's "agreement" caused a lot of noise in markets yesterday, including testing our limits on the usdjpy shorts to 114.70 close to SL.
Previous usdjpy longs hit the 114.70 target, as for the covering shorts we leave running for targets as they are now backed up with this bearish white swan pattern on the daily.
Wishing all the best to you guys in the month of December, it is festive period so lets make some extra pips.
GL and please remember to like and comment.
(previous usdjpy ideas mentioned in the description are attached)
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mrforex89
PRO
Agreed!!
+1
Reply
TheBanker
PRO
mrforex89
@mrforex89, thanks :)
Reply
TanayUK
PRO
Fundamentally though - US yields, rate differential, fiscal stimulus, JPY outflows, offshore dollar debt - all support USDJPY going much higher
Reply
Shelby504
PRO
TanayUK
@TanayUK, what are you reading?
Reply
TanayUK
PRO
Shelby504
@Shelby504, what do you mean?
Reply
Sadilah
great
Reply
MarkSterensohn
I dont know who introduced the pattern white swan
Reply
TheBanker
PRO
MarkSterensohn
@MarkSterensohn, they should be shot
Reply
gaptraderhq
PRO
@TheBanker ... Mate any thoughts or advice on UJ? Holding mass loads on shorts. Still looking at 109ish to bail ;o( Praying actually before my account gets cleared. Cheers
Reply