U.S. Dollar / Japanese Yen

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U.S. Dollar / Japanese Yen forum


USDJPY This is why it's important to stay adaptable with momentum shifts. We saw a massive bullish run reach the 61.8% Fibonacci level, form a head and shoulders pattern on the macro timeframe, and then reverse sharply — what a crazy week!







USDJPY On my trading platform on each pair there is a section called market data where it shows what % of traders have long and short positions, so far that has been a very strong and accurate indicator for me when it comes to knowing which direction a pair is heading.
Do you guys have this feature on your trading platforms?

USDJPY We can only target 146 if the defined zone is strongly broken on the 1H timeframe and confirmed during the pullback.
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