capitalpropertiesfx

USDJPY ahead of FOMC (short-term)

FX:USDJPY   U.S. Dollar/Japanese Yen
248 3 1
The pair broke out of a triangle yesterday and is very close to finish it's measured move. What happens after that becomes very-very important. If we move past the measured move Target, I'd say we might have a bullish case into the FOMC press conference. But if we turn around and come back quickly towards the support, I'd say the market is positioning for lower values, especially when the support is broken before the event.

Watching this one closely.
3baid
2 years ago
Amazing.. Can u keep updating this chart please?
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3baid
2 years ago
And when is the confr??
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capitalpropertiesfx 3baid
2 years ago
I'm looking for two things: either the measured move to the upside is reached OR the price turns around and comes back to the support area and preferably breaks it before the FOMC. Until then, I will not do anything at all.
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