USDJPY - Bullish Bias

USD - Strong Bullish
1️⃣ The dollar strengthened amid concerns over slower growth and continued high inflation.
2️⃣ The Fed also hinted that an interest rate hike will be achieved sooner than previously expected.
3️⃣ The US ISM Services PMI was published higher in September.
4️⃣ Private businesses in the US hired 568 thousand workers in September of 2021, the most in three months.
5️⃣ Markets expect that the economy in the United States will add as many as 460K jobs in September, enough to force the Fed to start tapering before the end of the year.

JPY - Strong Bullish
1️⃣ The fall in global stocks gave strength to the safe-haven currency JPY.

Between USD & JPY, we expect that the USD is stronger.


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Technical
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We are looking to buy the USDJPY if the price failed to break the support level.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.

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Trade active

Trade closed manually:

✅ Close Manually at 111.750

+35 PIPS

Close one of USD position ahead of NFP.