Weekly outlook on Currencies has USD (DXY) on weak side, creating overall weak index to this pair.
Levels outlined have Long as bias once USD currency picks on bullish sentiment.
Prior to engaging Long position, it would be wise to confirm strength of USD against weakening JPY-- and wise too to read price-action on marked Buy-Zones.
Counter-trading could work on rejection of Buy-Zone especiually if USD continues weakness and JPY maintains strength.
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Levels outlined have Long as bias once USD currency picks on bullish sentiment.
Prior to engaging Long position, it would be wise to confirm strength of USD against weakening JPY-- and wise too to read price-action on marked Buy-Zones.
Counter-trading could work on rejection of Buy-Zone especiually if USD continues weakness and JPY maintains strength.
Like this idea?
Like, Share, Follow, and Support this channel for yet better content.
Thank you.
Happy trading.
Trade closed: target reached