Hi traders,
The USDJPY has been picked up nicely last week on money flows coming out of the JPY and bids on a strong dollar. We saw a nice bullish cross on the stochastic. I wouldn't say this was an entirely risk on move.
If we break above 109650 then we need to take the asset long on any pullbacks. We can look to short below 108400 level.
All the best,
Aardall
The USDJPY has been picked up nicely last week on money flows coming out of the JPY and bids on a strong dollar. We saw a nice bullish cross on the stochastic. I wouldn't say this was an entirely risk on move.
If we break above 109650 then we need to take the asset long on any pullbacks. We can look to short below 108400 level.
All the best,
Aardall