JPY-carry traders out of the market by unhold USDJPY 110.50 to lead the JPY-pegged pairs (USDJPY, NZDJPY, CADJPY, AUDJPY, GBPJPY) to donward price trends to their lower ceilings.
It is possible to see "deep drop" on those pairs in the near.
It is possible to see "deep drop" on those pairs in the near.
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Let's wait the deep drop for profit taking
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ESTIMATED LOWER CEILINGS:
GBPJPY: 128.00
NZDJPY 68.00
AUDJPY: 70.00
CADJPY: 75.00
USDJPY: 107.00
GBPJPY: 128.00
NZDJPY 68.00
AUDJPY: 70.00
CADJPY: 75.00
USDJPY: 107.00
I prefer to trade price trends to which direction the basket prices to move rather than temporary bullish and temporary bearish.