Long USDJPY into FED meeting on Wednesday.
- Support level at 112.720
CPI recorded at 2.2% so possible rate hike on the table
Price action on the weekly is still largely bullish into the yearly close/ overall bullish flow.
CPI recorded at 2.2% so possible rate hike on the table
Price action on the weekly is still largely bullish into the yearly close/ overall bullish flow.
Trade closed: stop reached
Got crushed on this trade, notice how the level was used for resistance before plunging lower.
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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.