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- #91,101
- Oct 2, 2025 11:46pm Oct 2, 2025 11:46pm
- Joined Jun 2024 | Status: Still Learning | 2,904 Posts
Sanae Takaichi has been elected as new LDP leader, so as new PM.
https://www.bbc.com/news/articles/cx2pmy7m72lo
There is already 100 pips up gap at IG weekend for UJ. It looks around 148.50 now.
Closing gap can be good strategy at Sunday night (Monday Asia session), though risky also as always
It may go even further up before closing gap. But, it will be closed in a few days, I guess.
Even though Takachi is said to be supporter of less restrictive monetary policies (good for UJ bulls), FED rate cuts and USD devaluation looks to be continuing in the medium term (1-12 months) (good for UJ bears).
I don't have strong direction bias for UJ in short/medium term, but I believe that there are enough reasons to fade any impulsive reaction to new PM election.
https://www.bbc.com/news/articles/cx2pmy7m72lo
There is already 100 pips up gap at IG weekend for UJ. It looks around 148.50 now.
Closing gap can be good strategy at Sunday night (Monday Asia session), though risky also as always
It may go even further up before closing gap. But, it will be closed in a few days, I guess.
Even though Takachi is said to be supporter of less restrictive monetary policies (good for UJ bulls), FED rate cuts and USD devaluation looks to be continuing in the medium term (1-12 months) (good for UJ bears).
I don't have strong direction bias for UJ in short/medium term, but I believe that there are enough reasons to fade any impulsive reaction to new PM election.
- #91,107
- Oct 5, 2025 1:47am Oct 5, 2025 1:47am
- Joined Jun 2024 | Status: Still Learning | 2,904 Posts
{quote} LOW_HIGH =72 pips PRICE 72/2=36 bars = TIME from high to low {image}
Which tool to draw circle on MT4? MT4 can only draw ellipse? Zooming will cause incorrect proportions.
- #91,108
- Oct 5, 2025 2:42am Oct 5, 2025 2:42am
- Joined Jun 2024 | Status: Still Learning | 2,904 Posts
- #91,111
- Oct 5, 2025 11:56am Oct 5, 2025 11:56am
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,381 Posts
Sanae Takaichi has been elected as new LDP leader, so as new PM. https://www.bbc.com/news/articles/cx2pmy7m72lo There is already 100 pips up gap at IG weekend for UJ. It looks around 148.50 now. Closing gap can be good strategy at Sunday night (Monday Asia session), though risky also as always
- #91,114
- Oct 5, 2025 12:27pm Oct 5, 2025 12:27pm
- Joined Dec 2015 | Status: Trader | 8,774 Posts
The USDJPY price action on the daily time frame is in a bullish corrective mode and retesting the 147.430 intra-day horizontal resistance. The area was flipped as resistance by bears on Wednesday. Nevertheless, recent technical prints favour southward market engineering.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #91,117
- Oct 5, 2025 2:10pm Oct 5, 2025 2:10pm
- Joined Jun 2024 | Status: Still Learning | 2,904 Posts
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- #91,118
- Oct 5, 2025 2:17pm Oct 5, 2025 2:17pm
- Joined Jun 2024 | Status: Still Learning | 2,904 Posts
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