120 stops will be cleared on the retail sales news, I have buy orders at 120 with a 50 pip SL(119.50).
Usdjpy
- Thread starter Spectre2007
- Start date
markets are brisk, everyone jacked up. I feel the electricity in the air.
stop run projections plus price action increasing predictability factor. ------------> 120
Forex markets are running away with dollar bear vectors. After the strong retail sales dats and stop runs.
120 bids removed... risk is usdjpy collapses in preparation for BOJ meeting next week.
The action in this handle reminds me of the action in the 118.40-117.90 area before we collapsed to 114.40.
AUD/yen cash finishes the week about 150 pips higher than just before the Aussie employment report. That is approximate.
I'm not in the position, but I am looking at taking a piece of it next week, ahead of BoJ announcement, via futures: long AUS/usd, short YEN/usd, with YEN overweight 5 to 4.
120.00 stops look ripe. Most everyone is bullish, since its above the magic 120. Risk is there it drops 400 pips on BOJ rumors.
6:30 AUD Inflation gauge report.
6:50 JPY Core Machinery Orders.
AUD/JPY is where the action may be. Chart looks very bullish.
6:50 JPY Core Machinery Orders.
AUD/JPY is where the action may be. Chart looks very bullish.
did u guys just get a 10 pip gap up in AUDJPY?