Interesting turn of events after this long weekend, we had the Taiwan elections and the GOP Iowa caucus results favoring Trump by a landslide...FX trends are turning around with the Dollar Index reflecting this, paired with recent doubts of projected rate cuts timing after inflation data came out.
I would suggest buying some exposure to
USDJPY
longs here, entry is good with low risk to capture a potential large up swing if the stop here is never hit.
Best of luck!
Cheers,
Ivan Labrie.
I would suggest buying some exposure to
USDJPY
longs here, entry is good with low risk to capture a potential large up swing if the stop here is never hit. Best of luck!
Cheers,
Ivan Labrie.
Used 1 quarter and 1 year EMAs there (trading days for periods)