USDJPY currently making a new supply zone and rejecting the minor resistant , if this week USDJPY made another strong down move dont sell right away , wait for pullback and sell even though i expect this is gonna be a strong downtrend
fundamentally -
even though USD are expected to rate hike this year which explain USD strength lately but then last week trump complains about USD being too strong which leaving buyers in doubt and making sellers interested ( bulls vs bear remember? )
JPY are having second thoughts on their policy which may have turn investor eyes from usd to jpy for " safe heaven "and currently im not sure but it looks like the price has kicked in for next week big news announcement from both side
PS : i dont take trade from fundamental news , i look at technical analysis and then i look current for sentiment if it makes sense only then i take it
fundamentally -
even though USD are expected to rate hike this year which explain USD strength lately but then last week trump complains about USD being too strong which leaving buyers in doubt and making sellers interested ( bulls vs bear remember? )
JPY are having second thoughts on their policy which may have turn investor eyes from usd to jpy for " safe heaven "and currently im not sure but it looks like the price has kicked in for next week big news announcement from both side
PS : i dont take trade from fundamental news , i look at technical analysis and then i look current for sentiment if it makes sense only then i take it
Note
update 1 : i realized we are at the support meanwhile the momentum of seller is slowing down , but i can barely see the strength from buyers compare to the seller as of right now im still bias to short until i see the buyers kicking inTrade active
started selling just now , price action has shown seller are interested in this areaNote
managed to breakeven my SL before it spiked up. looking for better price action
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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.