Fundamentals:
After the CPI was announced, DXY soared, causing non-US dollar currencies to weaken
Technical:
USDJPY came to H1 Supply zone and had temporary resistance to keeping upward
did not break the previous high at 144.991 (on 9/7)
K bar appeared the reversal signal at 15m and 1H Time frame.
which makes me short-term bearish biased, cuz the whole trend is still bullish, , RR is more conservative
SL at previous high (144.99)
The first tp at Fibo 73.6 (143.74)
The second tp at Fibo 61.8 (143.18)
The third tp or positives can set tp at the bottom of 4H FVG (142.6) which is also near the Fibo 50 (142.62)
All are personal opinions, not investment advice
Any suggestions and feedback are welcome!
After the CPI was announced, DXY soared, causing non-US dollar currencies to weaken
Technical:
USDJPY came to H1 Supply zone and had temporary resistance to keeping upward
did not break the previous high at 144.991 (on 9/7)
K bar appeared the reversal signal at 15m and 1H Time frame.
which makes me short-term bearish biased, cuz the whole trend is still bullish, , RR is more conservative
SL at previous high (144.99)
The first tp at Fibo 73.6 (143.74)
The second tp at Fibo 61.8 (143.18)
The third tp or positives can set tp at the bottom of 4H FVG (142.6) which is also near the Fibo 50 (142.62)
All are personal opinions, not investment advice
Any suggestions and feedback are welcome!
Note
first tp reachesNote
second tp reachesTrade closed: target reached
third tp reaches
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.