Just an update of USDJPY Long
Because I decided to publish my "moves" now, there are positions that are live and developed further from entries. Im just trying to show my approach my reasoning and management.
As for technical analysis goes. We had a break down of JPY strength With alot of LTF warnings but now even the daily gave us BOS. With this my confidance rank closed above 90% confirmig confluence with fundemental analysis and I took a long position.
For the fundamental analysis the long USDJPY position is fundamentally supported by the policy divergence between the Fed and BoJ, stronger U.S. economic data, yield differentials favoring the USD, and the USD’s relative safe-haven appeal. If the BoJ maintains its accommodative policies and the Fed stays hawkish, USD/JPY could see further upside.
so the update, technical analysis, yesterdays bear close did warn us, but thats pretty much it, one signal is just that a signal and nothing more, decisions to actually act need to be derived with confluence and proof.
Fundamentals still support the Long position and so does the chart.
As for technical analysis goes. We had a break down of JPY strength With alot of LTF warnings but now even the daily gave us BOS. With this my confidance rank closed above 90% confirmig confluence with fundemental analysis and I took a long position.
For the fundamental analysis the long USDJPY position is fundamentally supported by the policy divergence between the Fed and BoJ, stronger U.S. economic data, yield differentials favoring the USD, and the USD’s relative safe-haven appeal. If the BoJ maintains its accommodative policies and the Fed stays hawkish, USD/JPY could see further upside.
so the update, technical analysis, yesterdays bear close did warn us, but thats pretty much it, one signal is just that a signal and nothing more, decisions to actually act need to be derived with confluence and proof.
Fundamentals still support the Long position and so does the chart.
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