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Usdjpysell

USDJPY-SELL++No change in view for the medium-term. For now I added another position @ 133.13 and the average now is 131.94. The market is overextended daily, weekly, and the most monthly chart. The pattern no doubt is aiming for some higher levels, and for that reason we add relax a bit each time it goes higher, I will update when I have placed a next sell. For now I expect correction back towards 125.57 medium-term and short-term profit order @ 127.87. It depends to the time-frame you wish to play.
Short
by peterbokma
USDJPY-SELL++I have increased my short @ 130.75 awhile ago, and will add further on increases, which are possible. The view is medium-term, and not short-term, so from short term perspective we may have little more upside before correction sets in. The focus is medium-term, and the level over overbought is high, not extreme for weekly chart and getting to extreme on Monthly chart. the strategy is unchanged to build up shorts in but using small leverage. The correction is likely to go towards 125.17 for now.
Short
by peterbokma
USDJPY: Never Ending Bull Run 🚀Trying to trade anything JPY is proving difficult as we experienced yesterday on EURJPY. The death of JPY just continues over and over. I think the bull run will continue all the way into the key psychological level of 130 before we see any signs of buyers slowing down. I won't set an order, I will set an alert because we are bound to see some manipulation around this key level. Once the manipulation and play on price is complete around 130 THEN we may have the opportunity to join sellers. Buyers got an easy breakout of the 'trend-line' which leads me to think liquidity and trapped sellers remain at the low. This will be the target IF we locate a sell.
Short
by AlkalineFX
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