Expecting dollar to make another new high before starting a new bearish cycle we also do have the seasonality of this month that potentially will bring down the stock market for correction alongside with the yen pairs so this pair is not different.
NFP on Friday might be the event to get some dollar strength
First target to take profit is 1.17 area and then breaking the low we can go to 1.16 at minimum.
Only for educational purposes.
NFP on Friday might be the event to get some dollar strength
First target to take profit is 1.17 area and then breaking the low we can go to 1.16 at minimum.
Only for educational purposes.
Trade closed: target reached