Posted before what imma gonna do if my thinking confirms. Got my chart fibbed and waiting price to enter my decision zone, still no clear direction. Im trading m5 and m15 tf's, will post chart a little later.
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DislikedIt seems UJ is going to 100.50 Area Again and I think better to enter Shorts around 204.30 or 40 Area if it reach.. Also , Possible to reach 1H Gann 204.52Ignored
DislikedBloomberg is reporting of possible intervention, on the U/J side 100 is a very tough support and area of past intervention. We may see a break to the downside toward 200 on the G/J, but it will be very short lived….
If we do see intervention, or just speculation start to drive the G/J back up keep on eye on the ema’s on the 4hr and 1hr charts. One of them should cap the upside, most likely the 4HR 100, at 207.40/30. On the downside, if we see a clear break past 203… then 200(ish) is certainly possible, but expect lots of volatility in that area, or a quick retrace back to 203/204…
Just my .000002 USD/JPY cents JIgnored