Update: Staying Long USDJPY With "Yield" Trends
Fundamentals:
No change.
See previous post
Technicals:
Past Resistance = Future Support
Trend in tact
Long-term Intraday wave 4 developing...
Targets: 117 or 118.
No change.
See previous post
Technicals:
Past Resistance = Future Support
Trend in tact
Long-term Intraday wave 4 developing...
Targets: 117 or 118.
Trade attivo:
4 Hour Chart:
1 Hour Chart:
Commento:
Commento:
1 Hour:
Commento:
4 Hour:
Commento:
On this 8 hour chart, the price moved from bottom to top of the band in what appears to also be a break out and a retracement to support. On top of this, we can see that a chart of US bond yields, which predict the direction of the USD, remain supportive of the USD going forward. Therefore, buying dips on USDJPY. For several other reasons, I prefer UJ first to tackle the benefits of a strong USD in the coming weeks until March 2022. My stop on USDJPY us 113. Targets@ 116.33 and 117.85 or 121.
Trade attivo
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
