I think UJ is due for a bullish move based on the yields rising.
Break down looks likely based on price action, if it breaks 113.70, should be a good short
One more touch down there should be a good buy for a few pips
Expecting a pop to 116.5 after the hike, and then a drop to 114.4s and so on depending on what Yellen drops. All in all, going to be a hard trade to pull off.
strong support, if breaks will dip a lot imo.
uj looks strong, hoping for a nice retracement to limit risk and get in.
Quick resistance play great risk reward
The dollar has been climbing the stairs of hope for a couple of days now. The belief that the fed will increase the interest rates is very appealing, but the data shall determine that (imo good data won't make the fed raise the rates anyway.) But this gives us a good opportunity to short the dollar if the data IS bad. So I'm looking to short it tomorrow morning if...
Now that we got that bs out of the way, grab some pips on the way up
So looks like the rate hike hopes are in the air and we're looking to break the downtrend channel. I think strong job numbers on Friday will do the trick.
Looking for a retracement in USDJPY, which will be bought with both hands.
A lot of option activity in Bac the last couple of weeks. Looks like a very good opportunity for a break here based on the interest Hike "hope".