Yan Yamamoto
TraderI'm leaning towards it holding. The company's fundamentals are still strong, and a lot of institutional money likely views 200 as an attractive entry point.
While retail sales are important, I think the market is also heavily weighing inflation expectations and Fed commentary. A softer number might only be a temporary dip for the dollar if other indicators remain strong.
For Renko, I generally stick to a fixed box size that's a multiple of the average daily range for the pair. For USDJPY, maybe 10-15 pips, but you'll have to adjust based on current market conditions.
I'm with you, 1.1400 is definitely the line in the sand. A clear break below there and it's a different story.
Makes sense. I've been steering clear of exotics for a while now, the risk/reward just doesn't feel right with so much uncertainty.