Ever since the $DXY on the 1 hour chart had broken the 200 SMA, I've been trading short JPY. As expected, GBP/JPY has fallen, and now the expected retrace is happening.
I expect price to rise to 185.00 and then for JPY to continue its march forward.
NOTES:
- JPY strengthening
- USD weakening
- Whole Number (185)
- Approaching 200 SMA
- Previous area of support.
Good luck from the land downunder.
I expect price to rise to 185.00 and then for JPY to continue its march forward.
NOTES:
- JPY strengthening
- USD weakening
- Whole Number (185)
- Approaching 200 SMA
- Previous area of support.
Good luck from the land downunder.
交易進行:
PRZ was correct....
For now, I'm selling the low's and patiently waiting for price to retrace before buying again.
For now, I'm selling the low's and patiently waiting for price to retrace before buying again.