💡 USDJPY: Analysis May 23

23 mag

USDJPY has invalidated the doji signal and continued to increase in the past session. It has now approached the previous peak at 156.7, but has not yet shown a breakout signal. This price behavior is detrimental to our current selling strategy, but we still do not encourage you to change tactics because the risk of exchange rate intervention from the BoJ is still present and the price has not yet reached its peak. than. Brothers continue to hold existing short positions, SL placed above level 156.7. In case the price continues to go up and breaks this barrier, you should temporarily stop trading and wait for new signals.

💡 H1 trend: Sideway
Today trading idea: Sell.