IDEA USD/JPY LONG(AGAIN) 2/7/23 5:24 PDT
Updated
Chair Powell did not deviate from his hawkish message this morning. All the stars are aligned on the moving averages.
I had previously closed my long from 128 at 132.7 and shorted back to 131.10. (I generally do not hold overnight positions before risk events like Powell's speech) After Powell I traded a bounce from 131.06-131.34.
I waited for the pull back and am now long at 130.93. Today was a great scalping opportunity across all the USD pairs.
Targets TBD and stop at 130.30 for now.
I had previously closed my long from 128 at 132.7 and shorted back to 131.10. (I generally do not hold overnight positions before risk events like Powell's speech) After Powell I traded a bounce from 131.06-131.34.
I waited for the pull back and am now long at 130.93. Today was a great scalping opportunity across all the USD pairs.
Targets TBD and stop at 130.30 for now.
Note
My long narrowly survived the overnight spike down but still in play. I'll follow up with a look at overnight price action in USD pairs.
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