Even with the Fed’s dovish tone with its last FOMC statement, I am still inclined to believe that the the us dollar is set for a better future. With US economies starting to open and the fast vaccination rollout, the worst hast already past. Just using USDJPY as a bias for the my long USD trade. A lot of my thinking comes down to each currencies interest rates looking at the near future. Still targeting to buy below 108 as my most optimal entry
On the technical note, weekly trendline has been broken which shows great buying pressure. Still thinking that there will be consolidation given the huge rally already. T
On the technical note, weekly trendline has been broken which shows great buying pressure. Still thinking that there will be consolidation given the huge rally already. T