Long USDJPY Trading Plan
Updated
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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