Okay so we flagged this on our previous post 27/06/17.....
Not the best news for the Yen as the BOJ are capping 0% interest on the 10 yr yield target , this pair has enjoyed some gains since our last post , however I see the momentum continuing and taking out the highs towards the trend line resistance , based on this news,
1.48 is where the sellers are at, so keep an eye on this level , we will be going long :
Entry set @ confluence zone of 1.4670- 1.47
Stop @ 1.46
TP1 @ 1.4850
TP2 @ 1.50
Happy trading guys and don't forget big day today NFP and Canadian employment / unemployment figs , fireworks is a given..
Not the best news for the Yen as the BOJ are capping 0% interest on the 10 yr yield target , this pair has enjoyed some gains since our last post , however I see the momentum continuing and taking out the highs towards the trend line resistance , based on this news,
1.48 is where the sellers are at, so keep an eye on this level , we will be going long :
Entry set @ confluence zone of 1.4670- 1.47
Stop @ 1.46
TP1 @ 1.4850
TP2 @ 1.50
Happy trading guys and don't forget big day today NFP and Canadian employment / unemployment figs , fireworks is a given..
Note
Okay so for now sellers proving too strong , we were stopped out for 70 pips ,No harm done but the UK jobs report out @ 0930 so should push this in a direction,
trading out of the event .
Happy trading
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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.