USDJPY very close for a big fall like last year after BOJ intervention
As every time 150 trigger from BOJ a lot of verbal interventions and also last week a money intervention.
I want to remember you guys, as all move since end of January23 was a correction of big fall since Nov22-Jan23 and to reiterate that as the price in UJ in my opinion will not make any new high and 150-151 zone is a strong resistance with BOJ on top.
The struscture of HH and HL was broken in Jan23 and now price correct and will go down, helped by tensions, bad economic data, inflation in Japan, what will force BOJ to change their position in YCC and negative interest
Follow closely and every time when price is near 150 sell, 151 or last H nov 22 as a SL.
As every time 150 trigger from BOJ a lot of verbal interventions and also last week a money intervention.
I want to remember you guys, as all move since end of January23 was a correction of big fall since Nov22-Jan23 and to reiterate that as the price in UJ in my opinion will not make any new high and 150-151 zone is a strong resistance with BOJ on top.
The struscture of HH and HL was broken in Jan23 and now price correct and will go down, helped by tensions, bad economic data, inflation in Japan, what will force BOJ to change their position in YCC and negative interest
Follow closely and every time when price is near 150 sell, 151 or last H nov 22 as a SL.
Note
sorry guys, on the channel, rest will move free, even return back we will sell again, in one moment the move will break down the channel and will go to 125 our targetNote
tradingview.com/x/cK8Tlm7H/, sell bkdown if need more confirmationNote
look like break for topish... let see 149-148.5 first supportNote
UJ very close to our first important target, from there i will expect a nice correction from where we will sell again, keep a batch don t tp in all the move will be as i present u, all is patience, why to take 100 of position when this give u money almost daily basis, but please bear that in mind, from bottom of the channel the price will correct very well, not expect to come back to 151 but...better to know that, if break just counter the money till the end:))
Note
now wait for correction, continuation move also but still expect sooner or later a coorectionNote
closed all Yen pairs, look like will reverse and if BOJ will not change the rate will go back to high.I will look to short again when will be ready, i personnaly not like to sell YEN and not at the top anymore.
But u guys if have trust can do that...
twitter @mihaipetrea6
telegram:@learntotrade20
telegram:@learntotrade20
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twitter @mihaipetrea6
telegram:@learntotrade20
telegram:@learntotrade20
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.