Forex Market Update: USDJPY
This is the latest update from a long time, highly respected Global-View member who called the top at USDJPY 162. I thus nicknamed him the savvy trader who has been kind enough to share his latest view and strategy.
A USDJPY Update From the Savvy Trader – August 12, 2024
A Bold Prediction for USDJPY – May 4, 2024–
Here ius his latest update and strategy looking ahead (posted with his permission)
I have one order Sell 148.32
If when executed then I ll update possibly a scale entry
I continue to look at the 128-132 level to cover everything
I remain with shorts as previously mentioned and no I don’t have a stop loss as I am not over leveraged. I continue to run these trades as strategic campaign positions.
This is key and the key. The most important word written is campaign. For those late to the party because they did not believe in the power of the 162 level I mentioned to you many many months ago it is not too late.
BTW further out thinking when if the lower levels hit then I will be looking for a reversal back to the 150 level !!!
There remains far too many trapped longs off side above who have little realization of what is happening. The trade remains UsdJpy not EurUsd.
USDJ[Y WEEKLY CHART
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