 |
| USD/JPY four-hour chart, source:FXDD.com |
cf. [JPY] Rising Yen 2020 0610
cf. [JPY] Risk-on, Falling Yen 2020 0603
cf. [JPY] Rising Yen 2020 0430
Gjallarhorn has the Long position of euro in the futures market, CME but doesn't have any position of Japanese Yen.
The weekly chart of currency pair USD/JPY shows the pair is on the downward trend. As it goes, USD/JPY has lowers its peaks. It supposes traders to have the short bias to the pair.
But we also need to know, there is sufficient margin from the current price in the four-hour chart and the one-hour chart.
In the short term, the price fluctuate and the fluctuation width diminishes step by step. The price seems to converge to 106.10x in four-hour chart. The convergence implies collecting the momentum and it could surge or plunge.
Meanwhile European Central Bank froze its benchmark interest rate to zero, and ECB spoke it would keep PEPP of 1.3 trillion euros while the press conference on Thursday. Risk-on asset prices have risen.
---------------------------
Gjallahorn does not provide any signals, but tries to bring traders to gain insight into the market.
You can ask by messenger and e-mail.
Facebook messenger and telegram(@morgenluft)
e-mail - kmuk001@gmail.com
You can join telegram channel t.me/gjallarhorn_report .
If this report was helpful to you, please support it. The amount of your support is up to you.
PayPal kmuk001@gmail.com.
Thank you.
e-mail - kmuk001@gmail.com
Telegram - @morgenluft
Telegram broadcasting - t.me/gjallarhorn_report
https://www.facebook.com/Gjallarhorn.report/
http://morgenluft.blogspot.com
#Gjallarhorn, #JPY, #yen, #USDJPY
No comments:
Post a Comment