DollarYenQueen_

UJ Potential News Trade

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
US releases employment data tomorrow at 8:30 am eastern. Expecting the news release to weaken the dollar against a strengthening Yen causing a spike downward. I have based my analysis on the last time USDJPY saw these prices in late August of this year.

Sell Entry: 135.000
Targets: 134.800 | 134.000 | 134.000 | 133.650 | 133.200 | 132.750 | 132.400
Support: 132.000

Be sure to like this post and let me know what you think in the comments below
Comment:
Targets down to 133.650 met. Potential retrace before further push.
Comment:
Idea can be used again for FOMC minutes release and press conference. I still have a bearish bias. Entry price is in the same area.
Trade closed: stop reached:
Finally seeing a completion of this news trade. Due to BOJ policy rate announcements.

More than likely retracement from here.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.