City: No One Understands Finance Better Than Me

102.99!

After the bears reached the 103.00 level, they did not accumulate and sell at a major support level as before, and then accumulated strength to break the entire support level.

They chose to attack directly, and the integer support position of 103.00 seemed to be undefended. It was crushed in less than 30 seconds. It was even simpler than the position of 103.50!

What is even more incredible is that the main bears broke through the entire position of 103.00 without even effort, and only used a mere 10,000 hands to break this integer support level.

The reason for this result is the latest news.

It is precisely because of this news that the entire position of 103.00 is like a piece of paper, and even the bulls and the main players have given up their defense.

Seeing the whole situation, Chu Ge was also a little puzzled. He originally thought that the two sides would have a tug-of-war around the 103 position.

In case of indecision, watch the barrage!

Chu Ge opened the barrage and saw the barrage of bullish investors who were overwhelming.

"It's over, when the market closed at noon today, the global stock market generally began to dive! Today the dollar/yen is going to be smashed to grandma's house!"

"Global stock market diving, what does it have to do with our foreign exchange?"

"Just started playing with the yen? Didn't know there was an article from Goldman Sachs a year ago saying that the yen is the best safe-haven tool."

"Let's not talk about the stock market diving, even the lighthouse oil prices and 10-year bond yields are moving in the opposite direction of the yen. They go up, the yen goes down, they go down, the yen goes up!"

"Brothers, cut the meat early and see if you can drink some soup with the bears!"

Seeing the messy barrage on the foreign exchange website, Chu Ge quickly filtered out useful information from it.

Global stock markets, especially A-shares, plunged in early trading, which directly became positive news for the yen.

Chu Ge didn't understand until now why USD/JPY fell so much today, it turned out to be good news for the yen.

102.99!

After the bears broke through 103, they were not in a hurry to break down. They seemed to know that when this good news came out, the general trend was set.

So, they are accumulating strength, wanting to finish their work in one battle, and smash USD/JPY to the point of being unable to lift their heads at once.

After Chu Ge slowly took the last bite of food into his mouth, he climbed into bed again with his notebook in his arms. After all, it was almost twelve o'clock, and Ge Ming and the three of them should be back.

The matter of moving out should be implemented as soon as possible, otherwise, I will still be a little uncomfortable when I operate.

With a random thought in his mind, Chu Ge focused his attention on the computer in front of him again.

102.87!

Moved again!

With the help of the good news of the yen, the bears did not even encounter any decent resistance, not only did they not encounter resistance, but they also received a lot of help.

Many retail investors who came in to get a share of the pie began to spontaneously help the bears to smash the market.

102.67!

Twenty pips again, USD/JPY smashed down 40 pips in two minutes, and the main players didn't even bother.

102.50!

The smashing did not stop. Under the sentiment of the entire market, not only did some long investors turn into short positions, but even some investors who did not do USD/JPY began to flock to this plate.

Under the action of a large number of retail investors' short orders, in less than ten minutes, USD/JPY came to 102.50, the half-integer support level.

Everyone felt that this support level had no effect at all. After all, even the integer position of 103.00 did not last for thirty seconds, and a half-integer position might not even hold for five seconds under the power of the entire market.

Then they were disappointed!

And then, Chu Ge chose the clearance again!

When it seemed like a big profit, Chu Ge chose to clear all his 20,960 short positions.

Not only because he saw the trend chart in his mind and had the ability to predict, but also because he found that starting from 102.87, the decline of the entire USD/JPY was slowing down.

Main force, have other ideas!

It is for these reasons that Chu Ge chose to clear all his short positions without hesitation.

However, even if Chu Ge cleared all his positions at this moment, he still had an exaggerated profit of more than 100 pips.

A full 135 points!

A full net profit of 28.296 million US dollars!

OMG!

The net profit of more than 20 million US dollars is just a few hours!