For those watching or trading the USD/JPY pair: the spread of 0.007–0.0072 on the Yen futures is still in play
We're 30 days out from expiry, and there are no clear reasons to brake a rally in the futures contract (which would mean a drop in USD/JPY).
Now, a quick word on Expected Range (ER) and its boundaries.
As we’ve seen, price didn’t quite reach the 2 ER level before bouncing back up. Quick note here — price doesn’t owe us anything. It doesn’t have to hit any statistically calculated levels just because we’re watching them.
But if it *had* reached that 2 ER boundary, it would’ve been a killer entry setup. Why? Because as a reminder, 2 ER marks about a 95% probability that price won’t break through — meaning a strong chance of a bounce.
P/S
For more detailed insights, don’t forget to check out our website and leverage the extensive original analysis from our team to enhance your trading performance! 💪💼
We're 30 days out from expiry, and there are no clear reasons to brake a rally in the futures contract (which would mean a drop in USD/JPY).
Now, a quick word on Expected Range (ER) and its boundaries.
As we’ve seen, price didn’t quite reach the 2 ER level before bouncing back up. Quick note here — price doesn’t owe us anything. It doesn’t have to hit any statistically calculated levels just because we’re watching them.
But if it *had* reached that 2 ER boundary, it would’ve been a killer entry setup. Why? Because as a reminder, 2 ER marks about a 95% probability that price won’t break through — meaning a strong chance of a bounce.
P/S
For more detailed insights, don’t forget to check out our website and leverage the extensive original analysis from our team to enhance your trading performance! 💪💼
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.