USDJPY Lower
I like trying USDJPY lower.
Currently have AUDJPY and NZDJPY plays lower as well but i am a little concerned that a move higher in stocks may cause those to either not move as far as i'd like or to not move at all. USDJPY lower is still the same play on lower inflation expectations and we also have the benefit of lower US yields here as well.
I will potentially come out of AUDJPY or NZDJPY early but i will update that on one of those ideas posted.
Sentiment and positioning for USDJPY is extremely high so that could help the trade as well.
setup is just above 1 ATR away and 2 ATR target.
Below 135.17 could see a nice move lower as this was a peak in USDJPY in 2002 and it seems like some strong volume was going through this level.
Not trading/investment advise, feedback welcome!
Currently have AUDJPY and NZDJPY plays lower as well but i am a little concerned that a move higher in stocks may cause those to either not move as far as i'd like or to not move at all. USDJPY lower is still the same play on lower inflation expectations and we also have the benefit of lower US yields here as well.
I will potentially come out of AUDJPY or NZDJPY early but i will update that on one of those ideas posted.
Sentiment and positioning for USDJPY is extremely high so that could help the trade as well.
setup is just above 1 ATR away and 2 ATR target.
Below 135.17 could see a nice move lower as this was a peak in USDJPY in 2002 and it seems like some strong volume was going through this level.
Not trading/investment advise, feedback welcome!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.