April 25 Key Levels Up to Midnight That Determine USD/JPY Flow and The Pound's Bottom
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Dollar/Yenis,
even if it looks like a sharp rise during late night to early morning, volatility remains low, and it has ultimately come back down now.
However
there is now a possibility that this move that looks like a spike could go further up.
If it can hold 111.xxx by late night, there may be another step or two up in store.
Therefore, what I am currently targeting is a temporary long at 111.xxx.
Or a short from 112.xxx. I’m not sure whether it will hit, but…
I would like to enter as close to the line as possible with stops in place.
Lately, rather than aiming for profit, I have been pouring energy into positioning ahead of GW, and
if this range-bound movement continues, it will be tough.
I'm generally exiting at the same level or with small profits, but the stops when there are swings up and down require real careful thinking.
Last night, I had no positions either. It’s tough to trade without looking at the charts when taking positions.
Should I skip the big GW target?
Pound/Yenis,
From here, I’d like to pick up a bit lower as well.
There is a firm, solid line; I wonder if it will stop there?
I want to trade this while carefully watching the chart.
The values and trend forecast are for reference only.