Hey traders,
I have been in this trade for a while and it's been great, however, the psychological level of 112.00 is coming up, I believe that there will be a sharp pullback due to the strong momentum off USD.
Any fundamental news event will cause this pair to crash down to 25-50 moving averages and then likely it would be a good buying opportunity again to re-test the previous 112.00 or even break it.
Hedge funds are also slightly increasing JPY buying orders against the USD so it could be no surprise if we see a strong pushdown.
I have been in this trade for a while and it's been great, however, the psychological level of 112.00 is coming up, I believe that there will be a sharp pullback due to the strong momentum off USD.
Any fundamental news event will cause this pair to crash down to 25-50 moving averages and then likely it would be a good buying opportunity again to re-test the previous 112.00 or even break it.
Hedge funds are also slightly increasing JPY buying orders against the USD so it could be no surprise if we see a strong pushdown.
Telegram ⏩ t.me/freettrsignals
YouTube ⏩ linktw.in/ueTGhN
YouTube ⏩ linktw.in/ueTGhN
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram ⏩ t.me/freettrsignals
YouTube ⏩ linktw.in/ueTGhN
YouTube ⏩ linktw.in/ueTGhN
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.