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A great intraday with 50 pips in the AM, 25 pip profit starting at noon for the afternoon trade.
Closed Monday's NY session at 146.26. Up a whopping 3,000 pips from the Oct. 2021 start of this bull run.
Chugging along nicely closing yesterdays New York session 5pm at 145.6000
a nice intra day up trend seems to have been started around 9am after the usa job data
The latest round of economic data was the cause for the sell off imo
Yep, not sure where this is going tho
Trending now, but I won't expect a miracle
Japan GDP 2023-2024 https://tradingeconomics.com/japan/gdp
Next major daily resistance area is 150, 500 pips above where we're at now
Watch for Wave 3 start on the 5y
the USD/JPY has always been a great forex pair to trade because of its trending characteristics. Through 8/22-10/22 it had a great 1,700 run. From 10/22-1/23 it had a bearish 2,300 pip run. And now it's started imho a bullish run up. I liked it after 2/7 when it closed the previous days gap up. From that point to now we have a 345 pip appreciation. At this point the daily trend is very strong.
Yes, i'm soaking up the gold shorts they are throwing down using the Yen! At some point soon they will lose control of their .25% interest rate! You'll know because NATO will enter the war at that point!
PLAYED COLLEGE BALL YA KNOW
USD-JPY definitely one of the safest forex investments at the moment.
Going in huge on this one.
Follow my trades on ticcr.com/PennyMack
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03/30/07
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Free
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