UJ Potential News Trade

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

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Targets down to 133.650 met. Potential retrace before further push.
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.


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