jrashaadtrades

Monitoring YEN Momentum for Break Below Channel

jrashaadtrades アップデート済   
CME:J6H2018   None
Strong YEN dominance since last November showing ever-so-slight signs of weakness. Both RSI and MACD painting divergence. Trend is still BULLISH, but I'll be watching for a break below the channel if current demand levels do not hold. Also worth noting are the candle wicks in the supply area around that 0.0095 area which indicate several failed attempts by market bulls to push up price.
トレード稼働中:
As I mentioned yesterday, I am keeping a close eye on growing signs of YEN weakness. As I stated above, a break below the current uptrending channel is just one sign of possible trend change. Since this has been a strongly trending market, a trend change will likely look more like a range, the duration of which is still to be determined. I placed LONG orders on the AUDJPY as well as the USDJPY yesterday and currently +65 pips on each.

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