NOTES: PA has been hanging out in the Supply Zone for over 95 days!!!
📉 AND NOW, it's ready to tank from here
✨TECHNICAL ANALYSIS
The USDJPY is currently trading at 147.243, down 2.2769% from the previous close. The pair is currently in a downtrend, as evidenced by the following technical indicators:
— Moving averages: The 20-day, 50-day, and 200-day moving averages are all sloping downwards. This suggests that the downtrend is likely to continue.
—Relative strength index (RSI): The RSI is currently at 32.25, which is below the 30 level that is considered to be oversold territory. This suggests that the pair may be due for a bounce.
— MACD: The MACD is currently below the signal line, which is another indication that the downtrend is likely to continue.
✨FUNDAMENTAL ANALYSIS
The USDJPY is a popular currency pair to trade because it is considered to be a safe haven currency. This means that investors tend to buy USDJPY when they are worried about the global economy.
The Japanese yen is also considered to be a currency that is sensitive to interest rate differentials. This means that the USDJPY tends to rise when interest rates are higher in the United States than in Japan.
액티브 트레이드
🔄 Unfortunately, I'm anticipating an UT retracement to about 148.19 (2H) before returning to its short
🖥 Lot's of News coming up, so it makes sense if they do a fake out then drop.
매매 수동청산
✨UPDATE
— As anticipated, the USDJPY tanked 3.87% from the previous close. — I closed my trade @ 146.20 for a profit of +280 pips — The pair is currently in a UT retracement — Conservative option is to wait and short again from 147.00