SHORT SEKJPY DURING STERILIZATION BY CENTRAL BANKS
After reaching the upper medium term band for 15 % width of band as permitted by the monetary policy, the Swedish central bank and the BOJ undertook market sterilization to slower the strengthening of SEK in the market. Accordingly, short on the sterilization (short term band) is feasible with the following details:
Short at 13.60 or the current rate 13.40
Stop loss at 13.80
Target T1. 13.20 T2. 12.70
Duration: 2-3 months
Risk Management:
After breaking the 13.20 manage the stop loss to entry rate for risk free trading position management
Note:
To follow and to evaluate the performance of this analysis please click the chart periodically and then >, to include any updates as may be made on this analysis during the trading.
Short at 13.60 or the current rate 13.40
Stop loss at 13.80
Target T1. 13.20 T2. 12.70
Duration: 2-3 months
Risk Management:
After breaking the 13.20 manage the stop loss to entry rate for risk free trading position management
Note:
To follow and to evaluate the performance of this analysis please click the chart periodically and then >, to include any updates as may be made on this analysis during the trading.
Comment:
SEKJPY hammered down to 13.34 follow the projection