6j Yen Short Swings

4 באוק׳

I have been watching the Yen carefully since July. This upswing has provided a healthy reset but current price action represents the tide turning back to the short side which fundamentally supports Japans struggle to maintain currency value. The risk/reward makes sense to me and I'm actively watching for swing shorts with .006700 target. The daily chart is presenting a great entry point as old support now becomes resistance.

I'll post the entry if/when it's made. Timeline is before November (US Elections)

17 באוק׳

הערה

Unfortunately no real pullback has occurred to enter, but price has proceeded to move in the right direction. Price appears to be at an inflection point where a bullish swing could occur. Closing this idea.