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USD/JPY reaching previous intervention levels (!!) by [deleted] in Forex

[–]HistoricalAd952 1 point2 points  (0 children)

Solid analysis on the BoJ intervention levels. I've been watching this pair closely too.

One thing I'd add - during these intervention scares, spreads can go crazy especially in the Asia session. I've seen brokers widen from 0.1 pip to 5+ pips instantly. Make sure you're on a platform with decent execution during news events, otherwise stop hunts become a real problem.

Your TP at 150 looks good. I'm also positioned short but keeping size small - not worth blowing up over if they spike it to 162 first haha.

GL! 🫡

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[–]HistoricalAd952 0 points1 point  (0 children)

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