Fading risk rallies is the only game in town...
Diupdate
A good time for a quick USDJPY chart update. For all those following the live updates from the room you will know we have been heavily short here since Q418; after clearing our first target at 105.2x from the Fed flows we are witnessing profit taking. The consolidation period will come to an end in September when the risk-off flows kickstart again, for those wanting to trade the breakdown, the map is crystal clear;
Resistance comes into play at 106.7x and 108.8x which will attract offers; to the downside a close below 104.5x will unlock 102.5x in a matter of sessions.
Best of luck all those positioned for further risk-off.
Resistance comes into play at 106.7x and 108.8x which will attract offers; to the downside a close below 104.5x will unlock 102.5x in a matter of sessions.
Best of luck all those positioned for further risk-off.
Catatan
Eyes on the break here
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.