If The Shoe FITZ

Chart Of The Day: Mission accomplished

USDJPY has now pretty much met the interim targets of 151.91-95 in a very speedy fashion. The low so far is 151.94

 
My inclination here very simply would be to "step away" for now and see how we trade around these pivotal levels.
 
We may eventually go lower again (and I think we likely will) but for now the move is "mission accomplished" and in this market taking profit is not a bad policy
 

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Tom Fitzpatrick

Tom Fitzpatrick

Tom Fitzpatrick, now the Managing Director of Global Market Insights at R.J. O'Brien, offers an impressive background. Originating from Ireland, his journey began at Chase Bank of Ireland, evolving through pivotal roles in foreign exchange (FX) at HSBC and Nedbank. His expertise expanded at Citibank in various global positions, culminating as Managing Director and Global Head of the CitiFXTechnicals product, delivering award-winning analysis across multiple asset classes.
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