CHFJPY | Perspective for the new week | Follow-up details
After testing its highest point since 1980 - just right above the 151.00 area last week, the CHFJPY lost over 600 pips to signal a risk of further decline as projected in my previous analysis on this pair (see link below for reference purposes). Will the BoJ's intervention in the FX market signal a boost for the Yen in the coming week(s)? This video illustrates the trading option I am looking forward to in the coming week(s).
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Commentaire:
BoJ Monetary Policy Meeting Minutes coming up in 3 hours.
How is this event going to affect the Japanese Yen?
How is this event going to affect the Japanese Yen?
Transaction en cours:
After a successful breakout of the channel at 146.500; awaiting a selling opportunity within the sell window appears to be more appropriate here with the hopes of joining the bearish signal incited last week. If you had taken advantage of the counter-trend (buy opportunity) following the breakout of channel - kudos to you.
Transaction en cours:
Following the multiple rejections of the sell window, the price has continued to move in the proposed direction as I plan to add more positions at the breakdown/retest of the 16.500.
Good morning
Good morning
Transaction en cours:
Selling options still look valid as I continue to witness selling pressure from the identified sell window.
Good morning
Good morning
Transaction en cours:
120 pips in profit as attempts of rejecting the 146.500 zone by buyers is noticed.
Good night and happy weekend
Good night and happy weekend
Trade smart. Trade consciously
Good morning