Long Japanese Yen?!
The Japanese Yen is showing strength. I expect one of these pairs (NZD/JPY, AUD/JPY, EUR/JPY, GBP/JPY) to reach its September low as the first target. USD/JPY, however, is too far from that level, so I wouldn't consider entering a trade on that pair.
There is a possibility of a retracement, which is why I’ve split the risk across different pairs in case one of them retraces significantly
There is a possibility of a retracement, which is why I’ve split the risk across different pairs in case one of them retraces significantly
Trade fermée manuellement
Note
The overall structure is still bearish, and all of them have reached a key point that will determine whether we continue higher or start pushing lower. I'll keep an eye on it and share the analysis again if necessary.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.