USDJPY | Perspective for the new week | follow-up details
A follow-up detail on the USDJPY that was published sometime last week (see link below for reference purposes) where we locked in about 300pisp from our second entry.
Despite a considerable pullback from two-decade highs (which kicked us out of our first entry)during last trading week's trading session hereby edging lower some 0.52%, amid broad US dollar weakness; the bullish momentum that began at the later part of last week's trading session appears to submit a signal that participants still have confidence in the Greenback.
So, the key level identified $129 area shall be our yardstick for either a bullish (which I think is very likely) or bearish (retracement of the long-term uptrend) momentum going into the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Despite a considerable pullback from two-decade highs (which kicked us out of our first entry)during last trading week's trading session hereby edging lower some 0.52%, amid broad US dollar weakness; the bullish momentum that began at the later part of last week's trading session appears to submit a signal that participants still have confidence in the Greenback.
So, the key level identified $129 area shall be our yardstick for either a bullish (which I think is very likely) or bearish (retracement of the long-term uptrend) momentum going into the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade smart. Trade consciously
