BOJ interest rate decision tonight.
1/23/25 10pmEST
cons = .5%
prev = .25%
7/30/24
act = .25%
prev = .10%
3/18/24
act = .10%
prev = -10%
USD/JPY longer time frame 100 & 200 moving averages trajectory has moderated from a steep upward slope to a relatively neutral slope, ever since BOJ .25% interest rate decision in July. The faster time frame 20 & 50 moving averages appear to be oscillating above and below the fib50 of the past year high and low. I see this as a good short USD/JPY entry as the BOJ continues to raise interest rates to stabilize the Yen value, and the FOMC rates are going down.
Trade idea:
short = 157.08
stop = 158.88
profit = 150.77
20sma = 157.08
50sma = 154.83
100sma = 151.24
200sma = 152.79
1yrhigh = 161.95
fib50 = 150.77
1yrlow = 139.58
1/23/25 10pmEST
cons = .5%
prev = .25%
7/30/24
act = .25%
prev = .10%
3/18/24
act = .10%
prev = -10%
USD/JPY longer time frame 100 & 200 moving averages trajectory has moderated from a steep upward slope to a relatively neutral slope, ever since BOJ .25% interest rate decision in July. The faster time frame 20 & 50 moving averages appear to be oscillating above and below the fib50 of the past year high and low. I see this as a good short USD/JPY entry as the BOJ continues to raise interest rates to stabilize the Yen value, and the FOMC rates are going down.
Trade idea:
short = 157.08
stop = 158.88
profit = 150.77
20sma = 157.08
50sma = 154.83
100sma = 151.24
200sma = 152.79
1yrhigh = 161.95
fib50 = 150.77
1yrlow = 139.58
Note
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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.