Hi !
I'm new to these forums.
Boj just raised interest rates but the jpy is still weak because of geopolitical tensions. Oil and commodity currencies are soaring, Usd/jpy going up and Gpb/jpy has reached a 8 years high ! I sold it yesterday thinking it would retrace but apparently it still going up.
i'm confused wether to get out of the trade or not. I put my stop loss at 214.10 and it's currently at 213.45.
when do you think it will retrace?
Thanks
I'm new to these forums.
Boj just raised interest rates but the jpy is still weak because of geopolitical tensions. Oil and commodity currencies are soaring, Usd/jpy going up and Gpb/jpy has reached a 8 years high ! I sold it yesterday thinking it would retrace but apparently it still going up.
i'm confused wether to get out of the trade or not. I put my stop loss at 214.10 and it's currently at 213.45.
when do you think it will retrace?
Thanks