How Robinhoodfx is playing the USDJPY
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For now we are looking at an efficient market this means a rage is formed as buyers and sells have agreed on the current pricing of the USDJPY.
We are looking for the next risk factor that will have the market value USD higher than it does JPY.
To the Robinhood Trading Community this means:
For us we continue to look at the USDJPY with a bullish bias even if it drops the upward trend wont be broken here unless we move lower than the previous price the market agreed upon between 137.5 and 131.5.
We continue to distribute trades that have been on our books since June 2022 and we take profits on trades that have reached above and beyond our 625 pip TPs while using this time of market efficiency to load up on new bullish trades at the lows of the range.
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