Long position USDJPY above 105.30, targets at 105.85-106.05
Too many people are saying dollar will go down They are fools The market never follows the masses
Tell me what you think I am open to discussion on a bullish dollar.
As you can see, it looks as we are preparing for a correction in EURUSD (So as of now, I am short. However I fully expect a possibility of a range). What does being short tell us? It means in the near future (weeks-months because this is a daily chart) the USD could gain some value to its Euro counterpart. How would the USD gain its value? A great way would be if...
Goldman Sachs on July FOMC Decision : - The run of positive economic news in recent weeks has coincided with generally dovish comments from Fed offcials. Policymakers have indicated that they are not âbehind the curveâ, and have expressed increased uncertainty about the neutral level of interest rates. We would treat recent comments with caution, however,...
Pair broke Triangle pattern in a bullish formation. I see two strong resistance levels to keep an eye of for TP1 and TP2. Possible reverse after that.
USD/JPY is trading in a range. What we want to see is breakout to either direction, but since MACD is making lower highs we favor break to the downside also 110 is a round number and therefore huge resistance level for us. 1. If we get a break to the downside our profit taking area will be between 106.50 and 106.00 area and stop loss above the range area. 2. If...