Consider the fact, that if you would want to open a heavy position to either sides, extreme volatility is bound to take place on December 15 and 16 caused by the last FED meeting for the year.
Chart: USD/JPY H4
Thursday, December 10, 2015
USD/JPY Sharp Decline
The pair has been undervalued for the past few days trading rapidly to the downside. Although the pair is trading really close to major support, the possibility of a break out below it remains strong. Currently USD/JPY is trading at 121.30-something, raising bulls' hopes to buy at the bottom around 121.
Consider the fact, that if you would want to open a heavy position to either sides, extreme volatility is bound to take place on December 15 and 16 caused by the last FED meeting for the year.
Chart: USD/JPY H4
Consider the fact, that if you would want to open a heavy position to either sides, extreme volatility is bound to take place on December 15 and 16 caused by the last FED meeting for the year.
Chart: USD/JPY H4
Subscribe to:
Post Comments (Atom)
It's headed for 120.00.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteNicely spotted post.
ReplyDeleteWell spotted! I'll keep it in mind.
ReplyDeleteAs always, very detailed analysis.
ReplyDelete