Possible USDJPY stophunt coming up
Earlier I posted my report on what looks like as stophunt exercise.
At Dec 21, 8am UTC I noticed the first serious drop of
USDJPY
starting from 113.6, what could be a similar drop signal as we signalled on Nov 30 and Dec 8 UTC. And because the timing and expectation of traders is about the same I am a bit weary that this might be another stophunt exercise. So be aware and be ready for a 24 hour stop loss hunt.
At Dec 21, 8am UTC I noticed the first serious drop of
USDJPY
starting from 113.6, what could be a similar drop signal as we signalled on Nov 30 and Dec 8 UTC. And because the timing and expectation of traders is about the same I am a bit weary that this might be another stophunt exercise. So be aware and be ready for a 24 hour stop loss hunt.
Comment:
It looks that the USDJPY pair is free floating again. There are no recognisable repeating patterns and the startdrop looked quite different..
Comment:
7.30am UTC stop loss order hunting has started.
Trade closed: target reached:
Did not have enough buyers to punch through to 113.8. This leaves 113.4 the next important resistance for underlying support.
