No sense of direction
GoGoJiang President Hayakawa and I's interview VTR can be viewed here
Hello everyone.
The USD/JPY has had no clear direction for a long time.
It seems like there is a full retracement setup, but it hasn't pleasantly surpassed 15900.
There may be a resistance line that leads to decline, but I think trading will occur within the 1-hour range.
There are no significant US economic indicators driving the dollar market, so it feels like following the stock market or Trump.
USD/JPY daily chart
As you can see, it has recovered after the intervention-driven drop.
If you look closely, before the intervention it was in a range, and before that it was in an uptrend.
It's simply a chart that has broken out of a range.
Whether the intervention was intentional or not, I don't know, but daily charts generally expand like this.
Ultimately, if you remember that the chart will move in that way no matter what happens, you can calmly watch the chart.
Personally, in the current market conditions“Not-your-average hedging”is the best trade in my opinion.
That said, you must wait for sharp rises and falls.
Today’sTokyo midpoint ratewas a breeze, wasn’t it, haha
Thank you for your continued support today as well.
If you want to succeed in trading, to make a living from trading, and to learn trading techniques that can be learned on your own, this is what I recommend↓