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NZDUSD Long Forecast| 31st March 2023Fundamental Backdrop 1. China's Purchasing Managers' Index (PMI) beat expectations, indicating that the economy is improving faster than expected 2. This can help further strengthen the NZDUSD because China is New Zealand's second-largest trading partner Technical Confluences 1. Price at the 0.62800 support level 2. Next major resistance at 0.63650 Idea With a medium bullish bias for NZD today, we could see price head up towards the next major resistance at 0.63650 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
AUDUSD Long Forecast| 31st March 2023Fundamental Backdrop 1. China's Purchasing Managers' Index (PMI) beat expectations, indicating that the economy is improving faster than expected 2. This can help further strengthen the AUD because China is Australia's largest trading partner. Technical Confluences 1. Price at the 0.67200 support level 2. Near term resistance at 0.67500 Idea With a medium bullish bias for AUD today, we could see price head up towards the near term resistance at 0.67500. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
NZDUSD Short Forecast | 30th March 2023Fundamental Backdrop 1. NZD Building Consents m/m, a leading gauge of future construction activity dropped from -5.2% to -9% 2. This can lead to lesser jobs and reduced construction services 3. NZD ANZ Business Confidence, a leading indicator of economic health dropped from -43.3 to -43.4 4. This could be an early signal of reduced future economic activity such as spending, hiring, and investment. Technical Confluences 1. Price reflected off the resistance at 0.62600 2. Near-term support at 0.61800 Idea With a medium bearish bias for NZD today, we could see price head down towards the near-term support at 0.61800 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
AUDUSD Short Forecast Post-CPI | 29th March 2023Fundamental Backdrop 1. The AUD CPI y/y dropped from 7.4% to 6.8%, which is also worst than expected of 7.2%. 2. This suggests that the Australian economy is not doing as well as previously thought. 3. It could lead the RBA to lower interest rates in the future which could lead to a depreciation of the currency. Technical Confluences 1. Price at the 0.67100 resistance level 2. Near term support at 0.66750 Idea With a strong bearish bias for AUD today, we could see price head down towards the 0.66750 support level. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
2
USDJPY Potential Sell Flash Manufacturing PMI | 24th March 2023Fundamental Backdrop 1. JPY Flash Manufacturing PMI, a leading indicator of economic health, increased from 47.7 to 48.6. 2. Actual result is also better than the expected 48.2 3. Last time we saw better results was in October and November 2021, which saw a 40 - 80 pip drop 4. Bias for today is medium bearish. Technical Confluences 1. Price in a strong bearish trend with price under the Ichimoku cloud 2. H4 supply zone at 131.100 3. Intermediate support at 130.600 4. Next support at 129.800. Idea Scenario 1: Looking for price to tap into the H4 supply zone at 131.100 before heading towards the intermediate support at 130.600 Scenario 2: I am looking for price to break the intermediate support at 130.600 before heading toward the next support at 129.800. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
DXY Post FOMC Potential Forecast | 24th March 2023Fundamental Backdrop 1. Plenty of instability in the market due to the SVB crisis and other banks being heavily affected by it. 2. The Fed hiked rates by 25 bps 3. The Fed also cautioned about the recent banking crisis and indicated that hikes are nearing an end. 4. The Fed's move may indicate that the economy could be stronger and that the currency could weaken soon. Technical Confluences 1. Price is currently in a bearish trend. 2. Well below the Ichimoku cloud, signifying bearish intent. 3. Next support at 101.800 Idea Looking for the price to head towards the support at 101.800 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYShort
by OlympusLab
What exactly is FOMC? What is FOMC, and what does it do? FOMC stands for Federal Open Market Committee. It's a group of people who work for the US government and makes decisions about the country's money. They decide how much money should be in circulation and how much it should cost to borrow money. How does FOMC affect the forex market? FOMC's decisions can affect the forex market because they can change the value of the US dollar compared to other currencies. For example, suppose FOMC raises interest rates. In that case, it can make the US dollar more attractive than other currencies, increasing the exchange rate. If they lower interest rates, it can make the US dollar less attractive, which can decrease the exchange rate. What is the FOMC statement, and why is it essential for the forex market? The FOMC statement is a document that FOMC releases after each meeting. It explains what the FOMC members talked about and what they decided to do with interest rates and the economy. This statement is essential for the forex market because it helps investors and traders decide what to do with their money. They might buy or sell different currencies based on the FOMC statement. How does FOMC affect currency exchange rates? FOMC can affect currency exchange rates by changing the value of the US dollar compared to other currencies. If FOMC raises interest rates, it can make the US dollar more attractive than other currencies, increasing the exchange rate. If they lower interest rates, it can make the US dollar less attractive, which can decrease the exchange rate. Why do traders pay attention to FOMC meetings? Traders pay attention to FOMC meetings and the FOMC statement because it can give them an idea of what might happen to the US dollar and other currencies. They might make trades based on what they think will happen after the FOMC meeting. For example, if they believe the FOMC will raise interest rates, they might buy US dollars because they think the exchange rate will increase. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYEducation
by OlympusLab
Executing on a 1min -Breaker and -FVGs (ICT concepts)Following live this morning on 3/21 with ICT, he analyzed why price was expected to move lower to take sell-side liquidity. Along with him, I took the trade and this is my explanation as to why. The trade was taken on the 1min chart, with prior analysis of the 15m, 1h, and 1d to help form a bias. I opened 2 short positions on entry into each -FVG, stop above the breaker, and target to sell-side liquidity. ICT's live stream : www.youtube.com Analysis: CME_MINI:ES1! How did this breaker form, and why should I be confident in its ability to hold? (Outlined areas do not correctly line up since the chart is resized for publish) RTH opening gap: from yesterday's close to this morning's open, price gapped up and formed a PDA, residing in the premium. 9:30am run up created equal highs then dropped to a short-term low. Price rallied again taking out BSL where buy stops are placed. Price retraced back below the short-term low creating 2 -FVGs. The continuous down-close candles on the STL that was taken forms the breaker. Entry for short positions were placed at the bottoms of the -FVGs. Because 2 formed inside a breaker, expect price to potentially trade back into both of them. SL a couple ticks above the breaker. Why? Price can offer back up to the breaker high. This high was .25 (1 tick) above the breaker. This allows for the bid-ask spread to properly offer before moving down. If it breaks 2+ ticks above, this it's more likely the bearish analysis is wrong and I should stop out. s3.tradingview.com
CME_MINI:ES1!Short
by tristanlee85
EURUSD Post ECB President Lagarde Forecast | 21st March 2023Fundamental Backdrop 1. ECB President Lagarde spoke recently stating that the European Central Bank is maintaining its current monetary policy stance, which suggests that the ECB is confident in the current state of the economy 2. ECB most recently hiked rates by 50bps. 3. USD continues to face uncertainty and volatility due to the SVB crisis. 4. All eyes will be on the FOMC meeting and the Fed Fund Rate. 5. More dovishness on the USD will lead to EURUSD heading higher. Technical Confluences 1. Price bounced strongly off the 1.05500 support level. 2. Near-term support at 1.06800 3. Next resistance at 1.08000 Idea Anticipating price to potentially retest the near-term support at 1.06800 before heading towards the next resistance at 1.08000 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
AUDUSD Long Forecast | 20th March 2023Fundamental Backdrop 1. RBA Assist Gov Kent Spoke earlier 2. Key take away points are that - The Reserve Bank of Australia needs to raise interest rates to maintain economic stability. - The current low interest rate environment is not sustainable in the long run. - A gradual increase in rates is necessary to ensure the economy remains healthy. 3. Bullish bias on AUD today. Technical Confluences 1. Price at the 0.66900 support level 2. Next resistance at 0.67750 Idea With a strong bullish bias for AUD today, I'm expecting price to possibly head towards the next resistance at 0.67750. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
AUDUSD Post-News Long Forecast | 16th March 2023Fundamental Backdrop 1. Employment Change increased from -10.9k to 64.6k. The result was also better than the forecast of 49.7k 2. Unemployment Rate dropped from 3.7% to 3.5%. The result was also better than the forecast of 3.6% 3. We haven't seen both having good results since 17th November 2022 which saw a roughly 90 pip rise within the day. 4. The bias for AUD today is on a strong bullish side. Technical Confluences 1. Price at the 0.66400 support level 2. Next resistance at 0.66900 Idea With a strong bullish bias for AUD today, I'm expecting price to possibly head towards the next resistance at 0.66900. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
AUDUSD Long Forecast | 17th March 2023Fundamental Backdrop 1. Employment Change increased from -10.9k to 64.6k. The result was also better than the forecast of 49.7k 2. Unemployment Rate dropped from 3.7% to 3.5%. The result was also better than the forecast of 3.6% 3. We haven't seen both having good results since 17th November 2022 which saw a roughly 90 pip rise within the day. 4. The bias for AUD today is on a strong bullish side. Technical Confluences 1. Current resistance at 0.66900 2. Next resistance at 0.67750 Idea If price manages to close above the resistance at 0.67000, we could see price head towards the next resistance at 0.67750. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
2
AUDUSD Potential Long Forecast | 15th March 2023Fundamental Backdrop 1. China's National Economy Showed a Steady Recovery in the First Two Months which helps to strengthen the AUD 2. Eyes are on the AUD's Employment Change and Unemployment Rate, which are expected to be better than previous results, strengthening the AUD. 3. Watch out for the US PPI News tonight Technical Confluences 1. Price at the 0.67000 support level 2. Next resistance at 0.67750 Idea If price closes above the 0.67000 support level , we could see price continue heading towards the next resistance level at 0.67750. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
AUDUSD Potential Long Forecast | 14th March 2023Fundamental Backdrop 1. DXY continues to weaken 2. Westpac Consumer Sentiment 8.6% lift in house price expectations (Interest Rates Up) 3. Eyes are on the AUD's Employment Change and Unemployment Rate, which are expected to be better than previous results, strengthening the AUD. 4. Watch out for the US CPI News tonight Technical Confluences 1. Price recently bounced off the near-term resistance at 0.66900 2. Next resistance at 0.67750 Idea If price closes above the 0.67000 resistance level, we could see price continue heading towards the next resistance level at 0.67750. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
GBPUSD Potential Long Forecast | 13th March 2023Fundamental Backdrop 1. DXY continues to weaken 2. The Claimant Count Change is expected to be better than previous, strengthening GBP. 3. Also do watch out for the Annual Budget Release on Wednesday which will add significant volatility to the market. Technical Confluences 1. Price bounced off key support level at 1.18700 2. Near-term minor resistance at 1.21300 3. Price broke above the descending trend-line and above the Ichimoku cloud indicating a bullish market structure shift. Idea Expecting price to continue bullish towards the resistance at 1.22700. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
3
AUDUSD Potential Long Forecast | 13th March 2023Fundamental Backdrop 1. DXY continues to weaken 2. Eyes are on the AUD's Employment Change and Unemployment Rate, which are expected to be better than previous results. 3. This will strengthen the AUD. Technical Confluences 1. Price recently bounced off the near-term support at 0.66400 2. Near-term H1 resistance at 0.66900 Idea Looking for price to continue heading towards the near-term H1 resistance at 0.66900. Alternatively, price could retrace back down to the 0.66400 support level before heading back up. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
USDJPY Long Forecast Monetary Policy Statement | 10th March 2023Fundamental Backdrop 1. The Bank of Japan left interest rates unchanged, showing a very big interest rate differential between JPY and USD, weakening the JPY. 2. There are also signs that inflation has sustained above BOJ’s 2% target. Technical Confluences 1. The overall bias for USDJPY on the H4 chart is bullish . To add confluence to our bias, price is above the Ichimoku cloud . 2. Near-term resistance at 137.600. 3. Minor support at 136.000. Idea With my bias on the USD to still be bullish , combined with the weak fundamental backdrop on JPY, I expect price to head towards the near-term resistance at 137.600. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab