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Trade Strategy for YEN Pairs (Jan 12)

Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2016-01-12_15-49-49-EJ2

YEN continues to be stronger.

USDJPY, EURJPY & GBPJPY have touched Monthly Reversal Pivots already (MM1 or MS2).

What can we do now?  :)

If you want to swing, it is too late to short.   But can you buy now?  I don’t think so.

Thus all you can do with YEN pairs is

a) to scalp
b) wait until
b-1) the price comes up to the next sell zone
b-2) Reversal price action

 

As the next sell zone, I would like to suggest

A) from Daily 5EMA, or

B) from Daily 21EMA, or

C) riding H4 21EMA

2016-01-12_15-51-33-EJ1

2016-01-12_15-49-49-EJ2

 

Sorry, but nothing I can say about YEN pairs now.

You may want to look for other non-Yen pairs for the better trades now.

 

I really feel Kuroda is the only guy who can change this down trend.

 

YJ Baik – Forex.Today @ Tokyo

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