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?![](https://resources.faireconomy.media/images/emojis/64/1f615.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/2753.png?v=15.1)
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?
![](https://resources.faireconomy.media/images/emojis/64/1f615.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/2753.png?v=15.1)
Thanks