I'm expecting a retracement from this pair soon. it's massively over-bought, that said I think it will push up to just past 110 to meet resistance before it does. I've got my alerts set at 110.
Being over-bought is not a determining factor, we can see that recent previous high levels were more overbought than they are now, before retracement.
I can also see that the loose monetary policy of BoJ continues to negatively affect the value of the Yen, and this doesn't look set to change, so I'll be waiting and watching - if we break resistance then we could be heading all the way up to 116 - 118 (last seen in 2007), but I do think we'll retrace first, down to 106.5 so could be around 350pips.
I'll be using LTF's and wait for confirmation before executing any trade.
Being over-bought is not a determining factor, we can see that recent previous high levels were more overbought than they are now, before retracement.
I can also see that the loose monetary policy of BoJ continues to negatively affect the value of the Yen, and this doesn't look set to change, so I'll be waiting and watching - if we break resistance then we could be heading all the way up to 116 - 118 (last seen in 2007), but I do think we'll retrace first, down to 106.5 so could be around 350pips.
I'll be using LTF's and wait for confirmation before executing any trade.
أغلقت الصفقة: تم الوصول للهدف
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.