US releases employment data tomorrow at 8:30 am eastern. Expecting the news release to weaken the dollar against a strengthening Yen causing a spike downward. I have based my analysis on the last time USDJPY saw these prices in late August of this year.
Sell Entry: 135.000
Targets: 134.800 | 134.000 | 134.000 | 133.650 | 133.200 | 132.750 | 132.400
Support: 132.000
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Sell Entry: 135.000
Targets: 134.800 | 134.000 | 134.000 | 133.650 | 133.200 | 132.750 | 132.400
Support: 132.000
Be sure to like this post and let me know what you think in the comments below
Note
Targets down to 133.650 met. Potential retrace before further push.Note
Idea can be used again for FOMC minutes release and press conference. I still have a bearish bias. Entry price is in the same area.Trade closed: stop reached
Finally seeing a completion of this news trade. Due to BOJ policy rate announcements.More than likely retracement from here.
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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.