What we HAD this week on USDJPY
Key rejection off the 114.50 level
Followed by 5-day decent
28-Day bull-trend broke
Where are we on the Daily chart
Where are we on the Weekly chart
It does seem to me the price is heading toward the 110.00 level. Let's wait and see where it take us ...
EUDAUD weekly candle closed below the major support level 1.4500 as ECB gave no comments other than left options wide open for December meeting.
Several more key news coming up next week and will give us a clear picture if the price decides to stay below the 1.4500 for the time being.
EUR PMI number
EUR German Ifo
Catching USDJPY burst from the 101.00 level on the excellent July NFP number and possible heading towards the 103.00 level.
"How I Flip My Account FIVE Times in 365 Days (2016)" Journal on Forex Factory www.forexfactory.com
BOJ recently rejected the idea of having helicopter money. At the same time it also confirms to double the stimulus package from 3 trill. to 6 trill.
On the other hand we have Fed looking to give a lift in 2 months in September.
We would definitely see plenty action in August starting this week.