USDJPY Bullish September
Updated
At this point, USDJPY has been in heavy consolidation at the bottom of this range for some time now. Heavy consolidation mixed with an ever increasing trade war is the recipe for disaster. Breaking news reports of 141% tarriffs, yes 141%! tarriffs on chinese steel should help jumpstart a strong dollar correlation. Ultimately 5 targets chosen with a final end point of around 1.09-1.10.
Note
Forgot to mention that this is a trade setup. Trade will be entered when the buy stop is triggered at 106.70
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