MattSzwyd
Long

Little downside risk, but will it long?!

FX:USDJPY   U.S. Dollar/Japanese Yen
86 0 7
Caught a USDJPY             long fresh off a rebound against prominent structure. Since I don't usually trade USDJPY             , I tightened my stop a bit; hopefully structure alone will keep price action floating comfortably above. I will probably reposition stops once T1 is hit, as there is always the possibility of a T2 hit. Let's hope for a bullish spike following the release of TIC flows and / or CPI             .
Comment: Yen crashed HARD. Let's see if the pair returns to structure, in which case we may be due to reassess the long. It is, however, scary that the Yen broke into the 99's -- the psychological barrier may no longer provide adequate support. Hopefully Bullard's speech today and the release of the Fed minutes will strengthen outlook on the dollar pending a rate hike sooner than later.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out