What’s Next for the USDJPY?
From the Savvy Trader
In an article entitled A Bold Prediction for USDJPY I listed a series of forum posts from one of our long-time and highly respected Global-View community members, whom I called a savvy trader.
As you can see in the article, he called the top in USDJPY and more.
So, given what I called his bold prediction, I would be remiss if I didn’t share (with his permission) this email I received from him last night.
Note, I am just the messenger passing on what was sent to me.
From the savvy trader:
My current orders are scaleÂ
Sell 148.40 / 149.20 for swing/position trade with a potential tgt as low as 132-128 – this to be reviewed on an on going basis that when closer I shall tighten up more exact points
Buy 144.75 for a scalp bounce
Buy 143.40 for a scalp bounce
I remain short from what now appear to be silly levels having taken 50% profit from those previously mentioned trades
The trade remains UsdJpy focused not EurUsd
Now what happens if there is no bouncette to let’s just call it 149
Well, Below 143.30 closing basis there is a void to 139.77 and 138.87 with a hesitation point at 141.22-141.58
USDJPY DAILY CHART
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