USDJPY - Corrective Balancing Structure Holding | Dec 3

usdjpy price action

NOTE: We have an APA (Advanced Price Action Course) members webinar come the 12th, so make sure to sign up and be there.

Just a heads up tomorrow is NFP, and with a potential rate hike + the ECB meeting today, I’m guessing liquidity should be low till the event, but likely a big¬†volatility spike after as longer term players are trying to position in between these events (NFP + potential FED rate hike in about 12 days).

Should be some interesting moves, so make sure to have smaller position sizes and wider stops for swing trades while avoiding any day trades till after the event.

USDJPY – Corrective Balancing Structure Holding For Now (4hr chart)

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