USDJPY Essentially, what is happening now is speculators are pressuring the Bank of Japan to intervene, so looking at specific levels and such doesn't really make sense. They will drop it, for example, by 200 points on Friday, to prevent unnecessary profits, then push the price back up to 161.0, for example, and be satisfied. By the way, on Friday, why was there so much activity? The Bank of Japan did nothing and the Asian session ended, so it was relatively safe to push the price north. Now in Asia, we will most likely stay put, while in Europe and America, we will move north again, maybe through downward impulses, maybe just sideways, and this will continue until the moment the Japanese finally lose their nerve. There are 5 of my sell orders on the screen. These are like 5, well maybe 3, possible entries where everyone was expecting intervention and what came out of it. Thank goodness, I am involved here minimally and haven't even reached my standard lot. Looking at the crowd, our break-even point is actually at 151.0, even slightly lower. That's the kind of "profit" you get from catching extra profits... My opinion - they will make a move this week, maybe even on Monday. And I will be adding more at the opening again.
