AUDJPY: Interesting zone, continue up or Double top reversal?

12 нояб. 2023 г.

We're at the top end of the range for this pair, I am expecting BoJ to start backing its currency.

I've recently noticed some negative correlation between USDJPY and the other XXXJPY crosses, so where USDJPY falls the others have been more bullish.

That said if the BoJ get involved it will tank all of them.

I'm not 100% what I really think will happen here, I think the Friday pinbar suggests there's more upward momentum, but will be very cautious if I trade as anything against the Yen (which is staggeringly weak against everything).

I'm opting for a move up and would keep a tight and chasing SL in place.

13 нояб. 2023 г.

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So far so good

13 нояб. 2023 г.

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Nervous about BoJ here, so closing for a small return