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Here is the top-down analysis for SGDJPY, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Opened in Asian session. I see this currency pair and others weakening against JPY . Riding this one down to highlighted zone. No guessing here , just looking at what the technicals are telling me. Will tp if situation reverses. Enjoy your trading !
Thanks for viewing ! This is not financial advice please consider your own Due Diligence and Risk Management.
I might regret this, but I'm not taking this entry. Initial reaction was that we had broken down from the TL and was resting. But looking at other pairs and the 5m detail, i'm not sure if bulls have stepped in here to run it higher. Most other JPY pairs are showing bullishness right now due to yen weakness, but SGD is holding steady. Still if we were to enter and...
The Preliminary Japanese GDP for the second quarter decreased by 7.8% quarterly and by 27.8% annualized. Economists predicted a lower of seven.6% and 27.2% annualized. Foreign exchange merchants can evaluate this to the Japanese GDP for the primary quarter, which decreased by 0.6% quarterly and by 2.2% annualized. Preliminary Personal Consumption for the second...