USD/JPY has reached a big level on day three after three days of rise and is in the upper end of the 100 pip box....AND there is a new peak formation forming - what more could you ask for? Shame it's taking shape in the gap time around the London close and just ahead of FOMC minutes and before US CPI Thursday morning :(
Let's see what happens. One thing to note is Kuroda gave the green light to stay short of YEN!
''*KURODA: YEN DEPRECIATION SO FAR MAY HAVE HAD GOOD MACRO IMPACT''
Let's see what happens. One thing to note is Kuroda gave the green light to stay short of YEN!
''*KURODA: YEN DEPRECIATION SO FAR MAY HAVE HAD GOOD MACRO IMPACT''
Note
Typically, we could see the market pop higher, pulling in breakout traders a stop hunt on either side of the consolidation period before the selloff!
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
Follow me at FXStreet: fxstreet.com/author/ross-j-burland
Come on over to my YouTube channel and Level Up your trading! 💸💸💸💸💸 @RJBforex, Like and Subscribe!
Follow me at FXStreet: fxstreet.com/author/ross-j-burland
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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.