I have a sell order at 84.626 SL above recent high at 85.135
JPY usually get stronger in March because of repatriation of yens for tax purposes. The tax return for 2020 has to be filed between February 16 and March 15.
Price is at important resistance level if it breaks it short USD for a long time.
Note that price didn't break of a long term downtrend back in late 2018 when economic conditions were much better than they are currently.
But maybe this time is a charm.
Who is going to win peasants or king with his army.
I went short at 29.800 (order) SL at 30.330 trading smaller position 0.5% of my equity.
SILVER IS NOT INDUSTRIAL COMMODITY MAIN USE OF IT IS AS SUBSTITUTE FOR GOLD AND THAT ROLE IS GETTING CROWDED WITH CRYPTO.
Close to 0.77 again, still in context of uptrend (green trend line).
If we are going to have risk off USD is going to rally and pull this pair down.
However there is a RBA meeting next week.
SL have to go above 0.777 recent high.