Price already in my area of value, just waiting for the market to tell me to get in on a short. 73.82% of traders holding short positions (short-to-long ratio of 2.82 to 1 (They raised their position compared to yesterday) Here, I have another juicy setup on this USDJPY, it is not too late to take an entry now, an entry for a short. I opted to enter for...
Last Thursday was an incredibly volatile trading session for the USD/JPY . This volatility was largely caused by the Bank of Japan's (BoJ) intervention in the currency markets to defend its depreciating currency, the Japanese Yen. Last week’s move was the first time since 1998 that the BoJ had intervened. There are some parallels between 1998’s intervention and...
JPYINR has broken down on greater volumes. SELL JPYINR below 0.61100 with Stop-loss of 0.61400 and Target of 0.58990