The opportunity in MOF The entry point is 1.8-1.85$ First target 1.86$ second target 1.88$ third target 1.9$ Forth target 1.97 stop-loss 1.77$
Molecular Coin (MOFBTC) printed the Cup & Handle bullish chart pattern and has already gone up. Today we see prices growing after closing above EMA100, with plenty of room left for additional gains. Our first target is set at 0.618 Fib. extension or EMA200 at 0.00001300 satoshis, for a nice 80% in potential profits. The next target is set at 120% of profits...
Interestingly the RTRS poll for Aug has a bullish near-term bias for $yen vs in July - my opinion is contrary to their poll as the BOJ and JPY MOF failed to deliver the hype expected/ promised this past week - i think 101/2 is much more likely for the next 3 months vs their 103.8. Comments from PM Abe, MOF and BOJ minutes that we observed in the Asia session were...
BOJ Miss: 1. BOJ deliver one of the biggest misses in history (vs expectations/ pressure) - only increasing ETF purchases and dollar funding by apprx $60bn annual in total vs 10-20bps of Depo and LSP cuts + 5-20trn in QE increase + ETF increase. *See attached post for in-depth detail on the BOJ situation and price action history/ Yen strength/ Safe havens* ...
BOJ - 3trn increase in annual ETF Purchases + $24bn increase in USD funding for banks 1. The BOJ on Friday delivered a shockingly poor package, imo they changed the snallest part of their current QQE programme. 2. What was interesting though was the markets reaction - immediately after the decision $Yen spiked higher then lower to 103 level but from then and...