Tactical trading in the upcoming days for USDJPY
Fundamentals are weakening for the US with bearish cycle for US bonds and dow plummeting on last session.
Its very possible to see 110.000 level reaction as the signal for a new home run for the greenback.
Further confirmation from US data will be needed.
Technicals are not enough to trigger this.
For now the outlook is bearish.
Wait for the opportunity to arise.
Trade safe, Trade well.
Fundamentals are weakening for the US with bearish cycle for US bonds and dow plummeting on last session.
Its very possible to see 110.000 level reaction as the signal for a new home run for the greenback.
Further confirmation from US data will be needed.
Technicals are not enough to trigger this.
For now the outlook is bearish.
Wait for the opportunity to arise.
Trade safe, Trade well.
Note
Things didnt play out as expected.110.000 wasn't tested.
Dont place trades.
Wait for new confirmation.
Trade safe
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.
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.