We're seeing financial regulators schedule emergency meetings to calm markets just as USD/JPY approaches levels where it has repeatedly bounced over the past week, presenting a potential long setup for those willing to go against the prevailing grain.
Longs could be established ahead of 144.50 with a tight stop just below for protection, targeting a return to Tuesday’s low of 146.00 or minor resistance at 148.15.
Momentum indicators remain firmly bearish, favouring a downside bias. But in headline-driven markets like this, the signal may not carry its usual weight.
Good luck!
DS
Longs could be established ahead of 144.50 with a tight stop just below for protection, targeting a return to Tuesday’s low of 146.00 or minor resistance at 148.15.
Momentum indicators remain firmly bearish, favouring a downside bias. But in headline-driven markets like this, the signal may not carry its usual weight.
Good luck!
DS
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