USD/JPY about to BLOW OFF?
USD/JPY has reached a big level on day three after three days of rise and is in the upper end of the 100 pip box....AND there is a new peak formation forming - what more could you ask for? Shame it's taking shape in the gap time around the London close and just ahead of FOMC minutes and before US CPI Thursday morning :(
Let's see what happens. One thing to note is Kuroda gave the green light to stay short of YEN!
''*KURODA: YEN DEPRECIATION SO FAR MAY HAVE HAD GOOD MACRO IMPACT''
Let's see what happens. One thing to note is Kuroda gave the green light to stay short of YEN!
''*KURODA: YEN DEPRECIATION SO FAR MAY HAVE HAD GOOD MACRO IMPACT''
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea!
Follow me at FXStreet: www.fxstreet.com/author/ross-j-burland
Come on over to my YouTube channel and Level Up your trading! 💸💸💸💸💸 @RJBforex, Like and Subscribe!
Follow me at FXStreet: www.fxstreet.com/author/ross-j-burland
Come on over to my YouTube channel and Level Up your trading! 💸💸💸💸💸 @RJBforex, Like and Subscribe!
Typically, we could see the market pop higher, pulling in breakout traders a stop hunt on either side of the consolidation period before the selloff!