Timeframe: 4H / 1H | Bias: Bearish
Fundamental Catalyst
BoJ is mulling a sharp upward revision to price forecasts while potentially cutting growth outlook — hawkish tilt signaling a possible rate hike. Strongly bullish JPY / bearish USD/JPY. Capital rotating away from USD as yield differential narrows.
The Play
Price is retracing back into the supply zone. Looking for a liquidity grab up to the 0.618 Fibonacci level — bump of the road — before the real move starts. Once that liquidity is taken, expecting a continuation to the downside toward 158.633.
Partial profits at first target, break even, let the rest run.
Invalidation
Clean close above the supply zone / Daily Open.
Not financial advice.
Fundamental Catalyst
BoJ is mulling a sharp upward revision to price forecasts while potentially cutting growth outlook — hawkish tilt signaling a possible rate hike. Strongly bullish JPY / bearish USD/JPY. Capital rotating away from USD as yield differential narrows.
The Play
Price is retracing back into the supply zone. Looking for a liquidity grab up to the 0.618 Fibonacci level — bump of the road — before the real move starts. Once that liquidity is taken, expecting a continuation to the downside toward 158.633.
Partial profits at first target, break even, let the rest run.
Invalidation
Clean close above the supply zone / Daily Open.
Not financial advice.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.