Bullish USDJPY s/t
On Mar 13 22:00, the price bounces off of the 50 period MA. Now, we see the price has moved above the 50 period MA and is about to test the daily Pivot Point where a clear s/t bullish trend may begin. The trend lines indicate the price will either bounce or surpass into bull territory in its way to 115.13(R1) and 115.52(R2).
In less than 24 hours, we have an interest rate decision from the FED which in turn will make the markets very volatile, so either hedge or adjust your positions as you normally would in this situation. Inexperienced traders, it is recommended you don't hold a position at this time.
In less than 24 hours, we have an interest rate decision from the FED which in turn will make the markets very volatile, so either hedge or adjust your positions as you normally would in this situation. Inexperienced traders, it is recommended you don't hold a position at this time.
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