In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we observe that the JPY flies to safety.
Yes, we are again experiencing another risk-off move in the markets. This is largely due to a significant move lower in the Bond markets. When these markets move into these phases, the JPY is always a good place to start.
We have been a strong advocate of JPY strength over the last number of weeks, amidst significant volatility which hasn’t proved that easy to trade. However, we finally have another high probability trade to focus our attention on. We like the GBPJPY lower below yesterday’s low of 138.31 and the EURJPY lower below 122.00.
The JPY Flies to Safety – Full Video Analysis
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