Main talking Points
- US dollar has gained value in recent days against its major currency counterparts.
- 1 may be a technical correction in light of the above point
- USD/JPY may struggle to break through the trend line established since early September making the downward slope trend line a strong resistance level, we may see the pair under sell pressure pushing it toward the 100 ish support level again.
Trading setup << Short
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- US dollar has gained value in recent days against its major currency counterparts.
- 1 may be a technical correction in light of the above point
- USD/JPY may struggle to break through the trend line established since early September making the downward slope trend line a strong resistance level, we may see the pair under sell pressure pushing it toward the 100 ish support level again.
Trading setup << Short
-
Comment:
I.e << Short term Signal