Here's my updated view on USDJPY. We have a few interesting resistance levels ahead, but overall, the pair is looking up, receiving a strong boost thanks to Mr. Mario Draghi's magic words, and the Nikkei rally before it. Low volume resistance at 121.7 may halt the advance, keep that in mind. I'm in other related trades, I'll try to balance these positions by trading NZDUSD, AUDUSD, and USDCAD.
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Cheers,
Ivan Labrie Time at Mode FX Analyst at Concord Bay dot com
עסקה פעילה
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Long already, added on retracement.
העסקה בוטלה באופן ידני
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Booked profits, will reload when safe.
הערה
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Looking to enter today. I'll try to cover this one live.
הערה
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Potential 4h target if we get a long. Not too great for now, larger timeframes look suspicious.
הערה
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Looking weak for now.
עסקה פעילה
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Took a short trade today, let's see if it holds. Equities look ripe for a turn south.