simonsays452

Yen weekly channel support held. Gap-fill below @ 112.474.

FX:USDJPY   U.S. Dollar/Japanese Yen
106 0 5
10 months ago
Since the BOJ announced their NIRP policy, we've seen a massive strengthening in the USD/JPY             cross. Yen volatility is highest across major traded currencies and even across most asset classes - oil             included!

snapshot

We've seen the bottom TL of the weekly channel hold up as reliable support this week. I ultimately think the market will continue to try to call Kuroda's bluff and we'll see the pair strengthen further. However, until we see that trend support breakdown, the risk/reward doesn't warrant adding shorts here below 115. That said, there's a small gap at 112.571 that could be a nice target to fill. I won't be added to my short position at these current levels.
10 months ago
Trade active: Bearish TL support breached < 1.14. Adding to my short, targeting the gap-fill at 112.474
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out