Date Posted: 08 Nov
Ccy Pair: USDJPY
Trade Action: SELL
Order Type: Stop Entry Order
Execution: Trendline Trader
Trade Parameters – PENDING
Stop Loss 109.03 -15p
Take Profit 108.38 +50p
Chart & Forecast Details
The safe-haven trade has been unwound lately on the expectation of a positive US/China trade deal. USDJPY has rallied all the way back up above 109.50. But I believe this will be short lived as I expect Trump to sabotage the trade talks (for his own political agenda) and reignite the safe-haven trade.
Key Trade Day: Wednesday 13th Nov – US CPI
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