Possible Long shot on USDJPY

8 déc. 2022

I am considering taking a long on USDJPY with a big SL cluster that appears the last hours within 136.15-135.85 area.
I need a catalyst that will provide with Upside potential on USD and take a Long on the pair by tracking it's order flows and news catalysts.
Possible Catalysts for Friday 9th December.

US PPI's more positive than expectations
US Michigan data more positive than expectations

In case USDJPY isn't close to the lowest SL cluster I will play on this pair by trying to trip SL's along with the news by tomorrow.

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9 déc. 2022

Note

Took my first entry and looking to add more as Stop losses pilling up at around 136.00-135.85 area...
Hopefully there will be market developments that will help these liquidations to take place and give me further entries exposure.