Forex Mastery 101: USDJPY Potential Future Short Side Moves

Hey Traders,

The implementation of Technical and Fundamental Analysis is necessary to pick price points and predict future movement.

After all, Central Bank decisions dictate the flow of money in an economy.

And that flow dictates movement, price points for buying or selling and overall long term bias.

Comment:

Shorting on pushes back up.

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Still awaiting further moves.

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And RE-entered shorts inline with BOJ sentiment.

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Any further entries reasonable.

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Carrying short bias into this week. Will be interesting to see new BOJ comments and potential effect they have.

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Very ideal short technical bias. Entries to fire.

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Further light entries. Nothing after highs for a long time.

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Brace for fed news, may provide impetus. Any away from USD.

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exit Re short area (2) at highs.

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Re short again.

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Shorts are not moving due to persistent FED. Waller remaining hawkish. Downside bias awaits (pot BOJ intervening). Tech side still short.

Comment:

Crucial Zones approaching. Many stops to be wiped out.

BOJ intervention seemingly more likely as monetary policy does nothing.