The following is a friendly advice for USD/JPY Traders for tonight and the next 24 hours.
A substantial price move is ahead, especially the YEN
The following charts are for JPY/USD and NOT USD/JPY.

So we are buying and selling YEN. A bit confusing, apologies, but I use the dollar as standard unit of account.

  • Current Market Price: 103.3 (Yellow Line).
  • Substantial Buying Volume: Below the Red line.
  • Increased significant Volume above the Yellow Line. (Buying at relatively high prices is a strong signal, favouring it to the Yen Bulls lies from the fact, that price stayed above the yellow line,if that was aggressive selling, price would have probed below the red line again, in addition to closing at the highest quadrant.(USD/JPY low).
  • Bias: Bullish Yen, (USD/JPY Bearish), BELOW 103.50.



So, here is the deal for the short side trade, the long side threshold, below:

SHORT (USDJPY)

  • ENTRY Market (Yellow) 103.30-20
  • STOP LOSS: 103.50 (Red)
  • TAKE PROFIT: 101.80
ENTER LONGS (USDJPY) @ 130.60



So YEN Open Positions should be fully alerted.
The volumes or the capital flow in, does't move for a couple of 10x pips,
but for a couple of 100x pips
Traduire en Anglais Montrez l'original