For those watching or trading the USD/JPY pair: the spread of 0.007–0.0072 on the Yen futures is still in play
We're 30 days out from expiry, and there are no clear reasons to brake a rally in the futures contract (which would mean a drop in USD/JPY).
Now, a quick word on Expected Range (ER) and its boundaries.
As we’ve seen, price didn’t quite reach the 2 ER level before bouncing back up. Quick note here — price doesn’t owe us anything. It doesn’t have to hit any statistically calculated levels just because we’re watching them.
But if it *had* reached that 2 ER boundary, it would’ve been a killer entry setup. Why? Because as a reminder, 2 ER marks about a 95% probability that price won’t break through — meaning a strong chance of a bounce.
P/S
For more detailed insights, don’t forget to check out our website and leverage the extensive original analysis from our team to enhance your trading performance! 💪💼
We're 30 days out from expiry, and there are no clear reasons to brake a rally in the futures contract (which would mean a drop in USD/JPY).
Now, a quick word on Expected Range (ER) and its boundaries.
As we’ve seen, price didn’t quite reach the 2 ER level before bouncing back up. Quick note here — price doesn’t owe us anything. It doesn’t have to hit any statistically calculated levels just because we’re watching them.
But if it *had* reached that 2 ER boundary, it would’ve been a killer entry setup. Why? Because as a reminder, 2 ER marks about a 95% probability that price won’t break through — meaning a strong chance of a bounce.
P/S
For more detailed insights, don’t forget to check out our website and leverage the extensive original analysis from our team to enhance your trading performance! 💪💼
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.