U.S. Dollar / Japanese Yen
Updated

USDJPY; Start Of A Fall?

940
Hey Traders,

Here's a quick rundown on the current USDJPY market, identifying future long entries as the market falls.

These areas give way to sustainable DD management and breathing space.

Watch for more.
Note
Minor scalp longs.
Note
Longs held into Monday
Note
Further light longs lower nearer key early MAs.
Note
W Support + MA Key Tech Zone. Looking lightly long.
Note
Take profits.
Note
Scalp longs where applicable.
Note
Exit longs for gains, looking short.
Note
Short at key resistance into Monday.
Note
Don't waste hedging ops. Exit falls for gains^
Note
Looking at W support for further light entries.
Note
Further light longs entered.
Note
Out for gains.
Note
Looking for hedge gains.
Note
Further falls, get long.
Note
And long again at key support.
Note
And there is your bounce. Exit.
Note
Lock in gains on shorts.
Note
Fall forming as noted. Re shorts applicable.
Note
Holding re short entries continually.
Note
And further above. Note the recent rhetoric from BOJ.
Note
Exit re shorts.
Note
Lots of BOJ Sentiment creeping in. Keep ears firmly to the wires.

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.