USD/JPY targets 1986 levels but correction may be close at hand
I have been bullish USD/JPY for a long time in the macro portfolio.
We are now reaching levels last seen at the end of 1986 (the year before I started trading it) so even I haven't seen these levels (above 160.40) LOL!
We are however way overdue a correction/consolidation. I am not advocating going short, just I would not be going long/adding at these levels, the R/R is no longer favourable.
We are now reaching levels last seen at the end of 1986 (the year before I started trading it) so even I haven't seen these levels (above 160.40) LOL!
We are however way overdue a correction/consolidation. I am not advocating going short, just I would not be going long/adding at these levels, the R/R is no longer favourable.
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.