$USDJPY: Down trend reversing here...
Updated
Interesting turn of events after this long weekend, we had the Taiwan elections and the GOP Iowa caucus results favoring Trump by a landslide...FX trends are turning around with the Dollar Index reflecting this, paired with recent doubts of projected rate cuts timing after inflation data came out.
I would suggest buying some exposure to
USDJPY longs here, entry is good with low risk to capture a potential large up swing if the stop here is never hit.
Best of luck!
Cheers,
Ivan Labrie.
I would suggest buying some exposure to
USDJPY longs here, entry is good with low risk to capture a potential large up swing if the stop here is never hit.Best of luck!
Cheers,
Ivan Labrie.
Note
Big picture view...yearly trend active, quarterly can signal something again, monthly too...
Used 1 quarter and 1 year EMAs there (trading days for periods)
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