AUDJPY: Interesting zone, continue up or Double top reversal?
We're at the top end of the range for this pair, I am expecting BoJ to start backing its currency.
I've recently noticed some negative correlation between USDJPY and the other XXXJPY crosses, so where USDJPY falls the others have been more bullish.
That said if the BoJ get involved it will tank all of them.
I'm not 100% what I really think will happen here, I think the Friday pinbar suggests there's more upward momentum, but will be very cautious if I trade as anything against the Yen (which is staggeringly weak against everything).
I'm opting for a move up and would keep a tight and chasing SL in place.
I've recently noticed some negative correlation between USDJPY and the other XXXJPY crosses, so where USDJPY falls the others have been more bullish.
That said if the BoJ get involved it will tank all of them.
I'm not 100% what I really think will happen here, I think the Friday pinbar suggests there's more upward momentum, but will be very cautious if I trade as anything against the Yen (which is staggeringly weak against everything).
I'm opting for a move up and would keep a tight and chasing SL in place.
Nota
So far so goodTrade chiuso manualmente
Nervous about BoJ here, so closing for a small return
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.