I still continue to sell/short on USDJPY to target her 107.00 estimated lower ceiling. Extension to 102.00 shall subject to the performance of that lower ceiling and the lower ceilings of major pairs (NZDUSD, CADUSD, AUDUSD, GBPUSD and EURUSD) as well as taking into consideration the lower ceiling of the USDCHF.
It is anticipated for JPY and CHF carry traders to re-carrying major currencies at lower ceiling of USDJPY and USDCHF, subject to however the major currencies pairs NZDUSD, CADUSD, AUDUSD, GBPUSD and EURUSD already and near to their lower ceilings. It is unlikely carry traders will be able to carry all global derivatives unless supported by major pairs stand at their lower bands/ceilings.
The USDJPY have been and will be traded byy multiple tranches by entering the market at the price trend levels with stop loss maintained for 50 PIPs above the price trend channels and to target the interdays lows of the price trend channels. Trade consisntently made in parallel to the price trend (short/short/short) by ignoring the temporary bullish of the price volatility interior the price trend channels. Short trade will be repeated until the lower ceiling 107.00 to be reached.
It is anticipated for JPY and CHF carry traders to re-carrying major currencies at lower ceiling of USDJPY and USDCHF, subject to however the major currencies pairs NZDUSD, CADUSD, AUDUSD, GBPUSD and EURUSD already and near to their lower ceilings. It is unlikely carry traders will be able to carry all global derivatives unless supported by major pairs stand at their lower bands/ceilings.
The USDJPY have been and will be traded byy multiple tranches by entering the market at the price trend levels with stop loss maintained for 50 PIPs above the price trend channels and to target the interdays lows of the price trend channels. Trade consisntently made in parallel to the price trend (short/short/short) by ignoring the temporary bullish of the price volatility interior the price trend channels. Short trade will be repeated until the lower ceiling 107.00 to be reached.