Short

USDJPY: Updated time at mode analysis

Updated

In this chart I'm showing the current time at mode trend as well as key levels obtained from the FOMC meetings and minutes release dates. You can see how you can navigate the price action with great accuracy if paying attention to these.

Right now, I'll focus on selling rallies against the key levels above, any rally is a sell, but if not offered, we can look for lower timeframe trend signals as well.
Until price tests the low volume support below, I'd discard any kind of bullish reaction.

I'll be trading this pair extensively, it's setting up for some excellent trade setups in the coming weeks.
Cheers,

Ivan Labrie.

Note

We didn't manage to retest the FOMC key level, we're about to test the first barrier.

Note

Interesting reaction to the lowest volume level on chart (a gap)
Now, we have pending downside and plenty of time, but keep in mind these yearly levels:

Note

Clearly something's brewing...USDJPY up considerably after hitting my target, almost.
Oil vs gold spread at record levels, S&P500/Gold ratio chart touched the monthly Bollinger Bands lower band...

Note

We could attempt a short soon, it's not a bad addition to my currency/stocks/commodities portfolio.

Note

Downtrend might resume, I'm long DJIA but looking to short *jpy pairs.

Trade active

Reshorted USDJPY and also GBPJPY.
I think we'll see 105-106, based on the time at mode signals on chart, and the reaction to the new FOMC minutes key level.

Note

Had covered shorts and reopened today. Same pair selection, same targets.

IvanLabrie

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