June 11th, what should I do...

June 11th, I was considering an afternoon trade, but there doesn’t seem to be anything feasible.

I pasted two charts all at once: the top is USD/JPY, the bottom is GBP/JPY.

Other cross yen pairs are almost in the same pattern as GBP/JPY, only USD/JPY is cleanly moving upward.

USD/JPY has fully retraced before intervention. On the 5-minute charts, the yen is weak for other currencies as well.

Honestly, I don’t want to touch USD/JPY right now. On the net there are scattered rumors saying “intervention is not possible anymore.”

But there is no doubt that people are watching it, and even if it falls, it’s being bought like this.

Other cross yen pairs aren’t making new highs or lows and are a mess on PeaceMA as well.

Next is GBP/USD. This one is also indecisive. By the way, EUR/USD looks the same, like a copy-paste.

In Tokyo hours trends are hard to come by, but even so, it’s not moving.

This is AUD/USD. By the way, AUD/JPY also looks like a copy-paste of the same pattern.

This might present a chance.

While watching the strength of USD/JPY and selling on the stronger side could be good, since the recent lows are nearby, it would be safer to wait for a sufficient pullback before acting.

I have things to do today, so I can’t trade tonight. Well, I wonder how things will turn out….