Weekly overview - Bullish Dollar As Market Corrects Ahead of NFP
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Trade recap provided on UsdJpy long position executed today as well as a weekly forecast on DXY, EURUSD, AUDUSD, GBPJPY & USDJPY.
The dollar will look to appreciate this week as we gravitate towards strong daily levels and I anticipate EU and AU to trade lower as the correlation is quite strong.
A neutral approach to the Yen pairs is wise as arguments can be made for both long and short biases. Attention to detail as to how the lower timeframes develop will be crucial.
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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.