USDJPY | Perspective for the new week | follow-up details
Updated
The BoJ kept rates unchanged which diverged from other central banks but at the same time intervening in the USD forex market which sent the USDJPY pair sharply lower during the latter part of last week's trading session. This illustrates how I intend to sell the USDJPY as long as the price does not break above the supply zone at 145 area.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
Price remains within the sell window since the beginning of the week; I will be looking for reversal patterns on the lower timeframe to join the potential decline.Good morning
Trade active
UPDATENote
Price still remains within the sell window and I have made some adjustments to the trading set-up as I look forward to selling at the breakdown/retest of the 144.200 and if the buyers are able to break out of the supply zone at the 145 area to the upside, this could probably be a bullish signal as a retest of structure will confirm bullish momentum.Good morning
Note
BoJ Monetary Policy Meeting Minutes coming up in 3 hours. How is this event going to affect the Japanese Yen?
Note
Price remains within the sell window in the last 3 days with potential selling opportunity still valid. As long as the price does not breakout of the supply zone identified in the higher timeframe, I remain bearish.Good morning
Trade active
UPDATEEntry adjusted to below the 144.600 zone as price remains within the selling window since the beginning of the week. Besides, Powell's speech is coming up in 2.5 hours... Getting prepared.
Trade active
In a good position here; moving stop-lossTrade active
Following the bearish signal yesterday, the price is back within the sell window which was also my entry zone. I am still looking forward to selling below the 144.600 area.Good morning
Trade active
Looking good at the momentTrade active
Price action continues to move as expected. A breakdown/retest of the 144.200 will welcome an opportunity to add positions to my existing trade.Good morning
Trade closed manually
Break even as sellers were unable to gain traction this week.Good night and happy weekend
Trade smart. Trade consciously
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