USDJPY is on a strong bullish rally, mainly due to the weakening of the Japanese yen. If you decide to chase the bull, beware of getting caught in the act.
That's because the Japanese Yen has reached the BOJ intervention zone. I think the real worry comes in when the market strikes the 161.93 to 163.26 range, and the intervention would be imminent.
Without any intervention for the next 1 to 2 weeks, I will call the Bluff on BOJ.
Stay away from this pair if you are not a Forex Trading veteran.
That's because the Japanese Yen has reached the BOJ intervention zone. I think the real worry comes in when the market strikes the 161.93 to 163.26 range, and the intervention would be imminent.
Without any intervention for the next 1 to 2 weeks, I will call the Bluff on BOJ.
Stay away from this pair if you are not a Forex Trading veteran.
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🧑🏫 18yrs in coaching
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🧑🏫 18yrs in coaching
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🧑🏫 18yrs in coaching
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🧑🏫 18yrs in coaching
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.