USDJPY probability prediction is all good, but the trend follows hard data. Positive trend triggered after Fed and BoJ interest rate decisions (nobody could predict that unless they had insider information - and even then they would avoid speaking in public if they had). The downward spike and now a trend was because of NFP, more so due to the revision data from May and June indicating deep contraction in labor market and thus a strong conviction for an interest rate cut in Sep (Fed should have cut it this month itself but even they never expected such a strong downward revision). Having said that, people have right to say what they feel about the data and the next trend but using common sense is important, rather than believing someone wholeheartedly.
USDJPY Dang made a huge mistake caught the drop from 150.7 to 148.5. Then I decided to open long from it to catch a quick reverse, without doing any analysis 😩
USDJPY First time ever making 300 pips in a day... Congrats, bears! I will be looking for buys next week, but if that momentum continues down, just sell it to 145 area don't even question it.
USDJPY mentioned this in my last video. end of month strong bullish month needs to retrace into previous month. refer to the monthly video for more information.
USDJPY probability prediction is all good, but the trend follows hard data. Positive trend triggered after Fed and BoJ interest rate decisions (nobody could predict that unless they had insider information - and even then they would avoid speaking in public if they had). The downward spike and now a trend was because of NFP, more so due to the revision data from May and June indicating deep contraction in labor market and thus a strong conviction for an interest rate cut in Sep (Fed should have cut it this month itself but even they never expected such a strong downward revision). Having said that, people have right to say what they feel about the data and the next trend but using common sense is important, rather than believing someone wholeheartedly.
