UJ Sell-off Expected
Expecting USDJPY to dive in price this evening due to the BOJ Monetary Policy Statement release and following Press Conference, which usually tends to heavily favor the Yen. Expecting a drop of about 400 pips, and for pricing to replicate a move reminiscent of the one on December 20, 2022 as illustrated.
My previous sell chart may enact shortly before the news as well now that buying pressure is wearing off.
Sell Entry: 136.000
Targets: 135.750 | 135.240 | 134.800 |134.500 | 124.230 | 133.760 | 133.340 | 132.915 | 132.560
Support: 132.000
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My previous sell chart may enact shortly before the news as well now that buying pressure is wearing off.
Sell Entry: 136.000
Targets: 135.750 | 135.240 | 134.800 |134.500 | 124.230 | 133.760 | 133.340 | 132.915 | 132.560
Support: 132.000
Be sure to like this post and let me know what you think in the comments below!
Note
Stop Loss/Resistance: 136.850Note
Target down to 134.230 reached.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.