Looking at the chart AUDJPY most times it breaksout, it gains 80-100 pips. 94.40 + 80 pips= 95.20-95.40
Usdjpy
- Thread starter Spectre2007
- Start date
Beware of distributive phases in the usdjpy pair, they seem to always occur at the top end of price bands... they precede a liquidation phase usually.
The bottoms are very fleeting. Thats the character of this pair.
The bottoms are very fleeting. Thats the character of this pair.
US inflation numbers should come in tame. Bonds will rally. Dollar with downward bias.
Look for repeated attempted at stop runs to the outliers.
120.00
120.60
Till the JPY interest rate statement.
Look for repeated attempted at stop runs to the outliers.
120.00
120.60
Till the JPY interest rate statement.
short usdjpy executed.
Post news predicted price action.
Booked trades, and exited out of all trades in JPY EUR and GBP.
Sell order 120.80 TP 120.00 SL 121.80
covered at 120.70.
Interest rate decision in 2.5 hrs. After the decision the probabilities of a rally in the usd.jpy are higher then a decline, a kneejerk reaction should test stops at lower levels, then resumption of buying should push it beyond 121.00. After the 121.60 levels are tested, then a distributive phase will set in, where it drops back down to 118.40.