In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we observe that yen weakness is beginning to kick in.
Yesterday, we saw the JPY sell off significantly, breaking above recent structural highs in the USDJPY, GBPJPY and EURJPY. So, today, we are sticking with that theme.
As we look at the USDJPY, we are looking for opportunities to buy above 111.23. That same level in the GBPJPY is the 145.70 level. Finally, in the EURJPY, the level to look at to buy this market from a high probability perspective would be yesterday’s daily high of 126.33.
Yen Weakness Is Beginning to Kick In – Full Video Analysis
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