USDJPY BUY - Great technical reasons support a very strong USD!
After today's gaps (USDJPY already over 1% in gains) I don't see much movement coming in tonight's session, perhaps 15 to 30 pips to the upside from the level of the time of writing.
The big news comes on Thursday morning (Europe time) with the BoJ Monetary Policy meeting, I will release my predictions for this event on Wednesday by 18:00 GMT.
The Long Trade
Currently plenty of technical reasons support a stronger USD versus the JPY.
The US Dollar Index is sitting at a perfect level where it should become bullish anytime from now till Wednesday. A bullish push to the USD is coming! Mark my words.
Our Trend Trading system has supported the idea of a weaker JPY since last week and the final push from the JPY bears.
As things stand I am bullish on the USD in the coming trading sessions.
The big news comes on Thursday morning (Europe time) with the BoJ Monetary Policy meeting, I will release my predictions for this event on Wednesday by 18:00 GMT.
The Long Trade
Currently plenty of technical reasons support a stronger USD versus the JPY.
The US Dollar Index is sitting at a perfect level where it should become bullish anytime from now till Wednesday. A bullish push to the USD is coming! Mark my words.
Our Trend Trading system has supported the idea of a weaker JPY since last week and the final push from the JPY bears.
As things stand I am bullish on the USD in the coming trading sessions.
Trade closed manually:
I have closed out the trades this morning.
Negative compounding has been done on the pair with a total of 3 buy positions closing in gains.
Negative compounding has been done on the pair with a total of 3 buy positions closing in gains.