{"id":780,"date":"2022-04-01T22:21:50","date_gmt":"2022-04-01T22:21:50","guid":{"rendered":"https:\/\/www.from1tomillion.com\/blog\/?p=780"},"modified":"2022-04-01T22:22:58","modified_gmt":"2022-04-01T22:22:58","slug":"stuck-in-a-range-for-3-weeks-what-now","status":"publish","type":"post","link":"https:\/\/www.from1tomillion.com\/blog\/2022\/04\/01\/stuck-in-a-range-for-3-weeks-what-now\/","title":{"rendered":"Stuck in a range for 3 weeks&#8230;now what?"},"content":{"rendered":"\n<p>There was nothing much to write about for the past 2-3 weeks, as we were stuck in a small USD range and a breakout didn&#8217;t happen either way. It might happen soon&#8230;and I expect it to break down. But first, it needs to break the strong support line you see on the USD chart below. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"460\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2USD-1024x460.png\" alt=\"\" class=\"wp-image-782\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2USD-1024x460.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2USD-300x135.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2USD-768x345.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2USD.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>NFP this friday might have given a clue. Not only we had a very small range all of US session, which doesn&#8217;t happen often during a big news day, but we also had a strong bottoming on EU during London fix. Same thing goes for GU, which looks like its preparing for a big spike up. So selling EU\/GU doesn&#8217;t seem like a good idea now, even though everything is possible during a time of uncertainty as now. But if you don&#8217;t mind some drawdown, the way up gives me a better profit to risk ratio, no matter the circumstances.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"438\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2EU-1024x438.png\" alt=\"\" class=\"wp-image-783\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2EU-1024x438.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2EU-300x128.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2EU-768x329.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2EU.png 1266w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"438\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2GU-1024x438.png\" alt=\"\" class=\"wp-image-784\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2GU-1024x438.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2GU-300x128.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2GU-768x329.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2GU.png 1266w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>When it comes to UJ, we had another crazy week, which kept going up until 125 was hit and BoJ stepped in, as I expected. Yen became simply too weak too quickly and if BoJ didn&#8217;t intervene, it might have become risky for the economy. Looking at the chart, it created a nice top pattern and I expect Yen to gain some strength in the coming weeks. 120 might be tested again and if broken below, 118 is a good target for the bears. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"440\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2UJ-1024x440.png\" alt=\"\" class=\"wp-image-785\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2UJ-1024x440.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2UJ-300x129.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2UJ-768x330.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/2UJ.png 1266w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>There was nothing much to write about for the past 2-3 weeks, as we were stuck in a small USD range and a breakout didn&#8217;t happen either way. It might happen soon&#8230;and I expect it to break down. But first, it needs to break the strong support line you see on the USD chart below. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/780"}],"collection":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/comments?post=780"}],"version-history":[{"count":4,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/780\/revisions"}],"predecessor-version":[{"id":788,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/780\/revisions\/788"}],"wp:attachment":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/media?parent=780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/categories?post=780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/tags?post=780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}