Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 133.8 zone, USDJPY is trading in a downtrend and extending pullbacks seems to be approaching the major trend around 133.8 Support and Resistance zone. Fundamentally the Market is expecting rates cut and fed pivot. more of a dovish Fomc gives us more of a weak Dollar and considering that JPY is considered a safe haven in this type of environment USDJPY shorts should be a perfect catch. Trade safe, Joe.
i feel that i am bias bearish, right now looks that it entered an old distribution area and potentially that could be one of the last points of supply. If has no demand pushing higher, then we're looking down from here. TBC or TF
JoeChampion
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@adriangiurgiu1, Keep in your watchlist tomorrow's fomc
RLinda
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Good look at the market, I think the price will reach the target soon) Thank you)