JPY Pairs Overview: Currency Talks And Median Term Opportunities
As mentioned in Today’s Bloomberg Report, a Yen clash might be coming.
“How the U.S-Japan talks play out on currencies could determine how much freedom the Bank of Japan has during the next economic downturn. A currency clause could tie the BOJ’s hands, preventing it from taking action that might weaken the yen, even indirectly.”
We know that BoJ does not want a strong Yen and does everything to keep it weak.
We have reached our target at 126.200. Our additional medium term trade setups are:
Stop Loss : 127.000
Sell at Market: 126.260
Pending Sell at: 126.560
Targets : 125.000 123.400 122.000
Sell the MArket: 78.61
Pending Sell : 78.90
Target:77.80 and 75.00
Keeping my Short and
Pending sell at 111.350 – 111.500
Targets : 110.900 110.150 109.370
As I mentioned in the trading room, those are not intraday setups. They may take 3-6 weeks to reach the targets.
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility