$USDJPY Forex Signal: Very high volatility hints that a bullish climax has occurred.
I wrote last Thursday that the price was now trading in “blue sky” with no obvious resistance level overhead to stop it until 123.67. I was looking for a long trade from a retracement to 120.50 or 120.00.
This was a good call overall as the price continued to advance strongly last Thursday, although unfortunately there were no such retracements to give a long trade entry. However, I was correct about the direction. The price of this currency pair and all the Yen crosses continued to rise strongly over recent days.
This rise was given an even stronger boost during Monday’s Tokyo session when the Bank of Japan announced that it would buy unlimited amounts of bonds at a fixed price, leading traders to dump the Yen even more heavily. The price rose quickly by almost three times typical recent daily volatility as measured by the Average True Range indicator,¥125 before retreating by more than a day’s average range¥125 today, and probably not for a few days more either., giving opportunities to both long and short traders. As volatility remains high, being nimble and monitoring trades on short time frames will probably be key to trading success here today.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EUR/USD Forex Signal: Rangebound to Persist for NowThe EUR/USD pair moved sideways as investors watched the upcoming negotiations on Ukraine in Turkey and the performance of the bond market.
Les mer »
GBP/USD Forex Signal: Pound Sells Off After Bailey\u2019s WarningThe GBP/USD pair retreated sharply during the American and Asian sessions as investors reacted to a major warning about the UK and European economies.
Les mer »
BTC/USD Forex Signal: Bitcoin Spectacular Rally AcceleratesThe BTC/USD pair remained stubbornly above 45,000 as demand and enthusiasm for digital currencies has risen in the past few days.
Les mer »
GBP/USD Forex Signal: Support at $1.3152 Breaking Down$GBPUSD Forex Signal: Support at $1.3152 Breaking Down
Les mer »
EUR/USD Forex Signal: Range-Bound Awaiting New CatalystThe EUR/USD pair remained under pressure on Monday morning as the crisis in Ukraine continued.
Les mer »
Having Pitted Fingernails Can Signal Autoimmune Conditions — Best LifeIf you notice having pitted fingernails, experts warn that it may be a sign of a potentially serious autoimmune condition.
Les mer »