Rationale for the plan :
1. 'Hawkish' statement from Powell
2. Equity markets as of now is positive. Potential Risk-On mode today.
3. Technical Sentiment is bullish USDJPY as price making higher-highs /lower lows since testing 110.900 handle
Risks for the plan (that could invalidate the plan) :
1. Poor U.S Prelim GDP numbers later (Forecast 3.3%, Previous 3.0%).
2. Escalation of North Korea Missile test issues, which would potentially shift the market into risk-averse (Safe Haven flow - Yen will strengthened)
3. Any negative language came out from tax reform news
1. 'Hawkish' statement from Powell
2. Equity markets as of now is positive. Potential Risk-On mode today.
3. Technical Sentiment is bullish USDJPY as price making higher-highs /lower lows since testing 110.900 handle
Risks for the plan (that could invalidate the plan) :
1. Poor U.S Prelim GDP numbers later (Forecast 3.3%, Previous 3.0%).
2. Escalation of North Korea Missile test issues, which would potentially shift the market into risk-averse (Safe Haven flow - Yen will strengthened)
3. Any negative language came out from tax reform news
Note
Trading Plan Update
Trade closed: target reached
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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.