Dollaryen
DXY Daily TA Neutral BearishDXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 42% DXY, 58% CASH.
* MINOR SUPPORT WATCH . US Midterm elections are underway and the polls are getting ready to close soon, Republicans are expected to control both the House and Senate when the results come in. DXY, US Long-Term Treasuries, CNYUSD, Metals, Agriculture and Cryptos are all down. While Equities, Equity Futures, JPYUSD, GBPUSD, EURUSD, VIX and Energy all finished higher on the day. In a calamitous day that sent shockwaves through the entire Crypto industry, FTX experienced a liquidity crunch due to investors fleeing their exchange token FTT en masse after reports surfaced on 11/06 of Alameda Research (partner crypto trading firm) possibly not being as solvent as people thought. This inspired Binance to one-up their initial investment in FTX (that they exited last year) by acquiring all of FTX (excluding FTX.US) in a strategic transaction to provide liquidity to the struggling exchange . FTX CEO and Co-Founder Sam Bankman Fried was ranked the 95th wealthiest person in the world just yesterday with a $15.6b estimated net worth; now, after the biggest one-day collapse (94%) ever among billionaires tracked by Bloomberg, his net worth is estimated to be $1b. This event sent almost all Cryptos down 20%+ as investors feared what kind of ripple effects such a big player (FTX) going down in the industry would have on the broader market.
Equities and Cryptos showed another case of decoupling with Equities finishing higher for a fourth consecutive session on the expected Red Sweep in Congress, the CPI print on Thursday will be telling in how far this rally in Equities has to go. Today, Xi Jinping inspected the joint operations command center of the Central Military Commission as part of an effort to enhance combat preparedness, he was even quoted as saying that "the entire military should devote all its energy to, and carry out all its work for, combat readiness" to "enhance its capability to fight and win and effectively fulfill its missions and tasks in the new era". It's become quite clear that China will likely invade Taiwan later this year or in 2023 with Taiwan continuing to make independent decisions like investing $10m in chip production in Lithuania as well as "colluding with external forces" (meeting with world leaders that recognize Taiwan as a sovereign state). The US has information regarding North Korea supplying Russia with weapons , North Korea is one of the few countries in the world to openly recognize Russia's proclaimed territories in Ukraine.
Key Upcoming Dates: Third GDPNow US Q4 GDP Estimate 11/09; US October CPI at 830am EST 11/10; UofM November Consumer Sentiment Survey at 10am EST 11/11; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . *
Price is currently testing $110 minor support for the third consecutive session and risks losing support of the 50MA if it breaks below $110. Parabolic SAR flips bullish at $113.05, this margin is mildly bullish at the moment. RSI is currently trending sideways at 41 and is technically retesting 39.43 support for the second consecutive session. Stochastic is currently bearish and is beginning to form a trough at 15, the next support is at 9. MACD remains bearish and is currently trending down at -0.30 as it approaches a test of -0.38 support for the first time since April 2021. ADX has been forming a soft trough at 14 for three consecutive sessions as Price struggles to find buying momentum, this is neutral at the moment but if ADX starts to go up as Price goes down this would be mildly bearish.
If Price is able to bounce here and defend $110 support then it will likely retest the 50MA as resistance at ~$111.25 . However, if Price continues to breakdown here, it will lose $110 support and likely retest $108 support . Mental Stop Loss: (two consecutive closes above) $110.03.
DXY Daily TA Neutral BullishDXYUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% DXY, 48% Cash.
* FOMC WATCH . DXY, VIX and Agriculture are down while Cryptos, Equity Futures, US Treasuries, CNYUSD, JPYUSD, GBPUSD, EURUSD, Metals, Oil and Energy are up. White House Economic Advisor Bernstein said today that "President Biden has endorsed the Fed's policy pivot", which many readers interpreted as a sign of 75bps and a Fed pivot tomorrow; turns out he was referring to the hawkish pivot already being made this year. Interesting word choice with the FOMC rate hike announcement tomorrow and US Midterms on 11/08/22. The US Pentagon has confirmed that there are US military personnel currently in Ukraine conducting security detail at the embassy and providing logistical support for Ukrainian soldiers , but that none are on the frontlines. However, it's rumored that there's a large presence of clandestine CIA and US special forces that have been operating in Ukraine since the Russian invasion in February . The second GDPNow US Q4 GDP estimate is 2.6% , down from 3.1% on 10/28. Key Upcoming Dates: FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.*
Price is currently attempting to push higher after bouncing off the 50MA at ~$111. Parabolic SAR flips bullish at $112.75, this margin is mildly bullish. RSI is currently trending down and testing the uptrend line from August 2020 as support at 49.10 minor support. Stochastic remains bullish and is currently testing 50.61 resistance with no signs of peak formation. MACD remains bearish and is currently forming a soft trough just above -0.38 support for the fourth consecutive session. ADX continues to trend down at 13.57 as Price attempts to push higher, this is mildly bearish.
If Price is able to keep pushing higher then it will likely aim to retest the local-high at ~$114 as resistance . However, if Price breaks down below the 50MA at ~$111 as support , it will likely retest $110 minor support . Mental SL: (two b2b closes below) $111.
DXY Daily TA Cautiously BearishDXYUSD daily guidance is cautiously bearish. Recommended ratio: 25% DXY, 75% Cash.
* 50MA RESISTANCE TEST. Both PCE price index and Core (without food and energy) for September saw the same increase from the August report , with PCE increasing 0.3% from August and Core increasing 0.5%. Though some may see this as plateauing, it's a bit premature and doesn't negate the fact that PCE is still increasing. Federal funds rate traders are still betting on a 75bps rate hike next Tuesday. The first GDPNow US Q4 GDP estimate is 3.1% ; the last Q3 GDP estimate was 2.6%. DXY, US Treasuries, Cryptos, Equities, Equity Futures and GBPUSD are up while Commodities, CNYUSD, JPYUSD, EURUSD and VIX are down. Key Upcoming Events: 2nd GDPNow US Q4 GDP estimate 11/01; FOMC Statement at 2pm EST 11/02; October Employment Situation at 830am (EST) 11/04; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30.*
Price is currently trending down at ~$110.70 after getting rejected by the 50MA at ~$111 as resistance on the first test, the next support (minor) is at ~$110. Parabolic SAR flips bullish at $113.45, this margin is mildly bullish at the moment. RSI is currently trending up slightly at 46 as it approaches a test of the uptrend line from July 2020 as resistance at ~47, if it's able to break above then it will likely test 49.10 minor resistance. Stochastic crossed over bullish in today's session after bouncing off of 9 support, the next resistance is at 24. MACD remains bearish and is beginning to show signs of trough formation as it tests -0.065 support. ADX is currently trending down slightly at 15 as Price continues to fall, this is mildly bullish at the moment; if ADX doesn't form a trough and Price keeps falling, this would imply that the bull run isn't over.
If Price is able to breakout above the 50MA at ~$111 as resistance then it will likely retest the 1-month high of $113.95 as resistance . However, if Price continues to trend down here, it will likely retest $110 minor support . Mental Stop Loss: (two consecutive closes above) $111.
DXY Daily TA Cautiously BearishDXYUSD daily guidance is cautiously bearish. Recommended ratio: 30% DXY, 70% Cash.
*DXY, 10 Year US Treasury Bonds and VIX are taking a hit as JPYUSD, GBPUSD, EURUSD, 30 Year US Treasury Bonds, Cryptos, Equities, Equity Futures and Commodities are all up. This is after speculation that Japan's government had intervened in currency markets by selling USD for JPY in order to protect a key JPYUSD threshold . Additionally, San Francisco Fed President Daly (currently not FOMC member) commented that the Fed should reevaluate how restrictive they need to be and that 75bp increments after November may be unnecessary . This combination is likely responsible for today's shift in market sentiment toward more Risk-On. St. Louis Fed President Bullard (FOMC member) quickly clapped back today and said that the Fed can keep raising rates until they see inflation come down meaningfully because the job market is "extremely strong" . Comments like Bullard's leave the possibility of 100bps on November 2nd still on the table. The 7th and penultimate Beige Book of 2022 released on 10/19 highlighted : a tightening job market with wage growth still intact, a slowing housing market, a continued weakening demand for production and an increase in travel/tourism from the post-Covid reopening. Key Upcoming Dates: S&P US October Manufacturing PMI at 945am EST 10/24; US October Consumer Confidence Index at 10am EST 10/25; US September New Home Sales at 10am EST 10/26; 20th and Final GDPNow US Q3 GDP estimate 10/26; US Q3 GDP First Estimate at 830am EST 10/27; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.*
Price is currently trending down at ~$112 after being rejected by the upper trendline of the ascending channel from October 2008 at ~$114 as resistance, this is just below $114.63 major resistance. Parabolic SAR flips bearish at the 50 MA (~$110.50) which is just above $110 minor support, this margin is mildly bearish at the moment. RSI is currently trending down at 51.50 as it approaches a retest of 49 minor support, this would likely coincide with the uptrend line from July 2020 at ~48 as support. Stochastic is currently on the verge of crossing over bearish at 46 after forming a peak at 51 resistance, the next support is at 24. MACD remains bearish and is currently reversing a trough formation as it breaks below 0.65 support and continues to trend down at 0.57; the next support is at 0.24. ADX is currently trending sideways at 19 as Price continues to see rejection at the local high, this is neutral at the moment.
If Price is able to bounce here then it will likely aim to retest the upper trendline of the ascending channel from October 2008 at ~$114 as resistance (and potentially $114.63 resistance ). However, if Price continues to breakdown here, it will likely retest the 50 MA at ~$110.50 as support before potentially retesting $110 minor support . Mental Stop Loss: (one close above) $113.32.
USD/JPY -22/9/2022-• Japan government finally intervenes in the FX market to try and support the Yen
• Major currencies lost almost 300 pips against the Yen following the news
• On the chart above, illustrated an ascending channel the Dollar Yen is trading in, a bullish pattern indicating further gains on the cards
• Also illustrated are the major support/resistance levels in red thick line
• Current trading range is 139.300-144.730
DOLLAR INDEX DXY BULLS FAILEDIn the dollar index price is making double top ar 110.15 and drop to test its strong trend line support area 109.60 level . Now if price break this trendline support than we see the more drop in dxy and price and coming to test its next level of support area and fill the gap down of previous week.
After the breakout of market structure the strong trendline support wait for the restest of this level as a resistance than we see bearishness and selling pressure in dxy price towards the next level of interest 109.00 and 108.84/
2nd scanario|
IF DXY respect its level of support trendline and market structure than wait for the breakout of 109.80 level friday last pullback area high and than good trade setup for buyers and dollar index is push to upside to test friday high 110.15 and this month high 110.62/
Dip buying offers good risk/reward on USDJPYUSDJPY - Intraday - We look to Buy at 137.63 (stop at 136.77)
We are trading at overbought extremes. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Support is located at 137.50 and should stem dips to this area. Dip buying offers good risk/reward.
Our profit targets will be 139.48 and 140.00
Resistance: 139.50 / 142.00 / 145.00
Support: 137.50 / 132.00 / 126.80
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Dip buying offers good risk/reward on USDJPYUSDJPY - Intraday - We look to Buy at 134.08 (stop at 133.15)
Prices have continued the bullish move higher and resulted in 2 consecutive positive days. We look for gains to be extended today. A weaker opening is expected to challenge bullish resolve. Prices expected to stall near trend line support. Dip buying offers good risk/reward.
Our profit targets will be 136.46 and 137.00
Resistance: 136.50 / 139.20 / 145.00
Support: 134.00 / 130.00 / 126.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
No technical reason for a change of trend on USDJPYUSDJPY - Intraday - We look to Sell at 132.47 (stop at 133.84)
Our outlook is bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 129.07 and 128.00
Resistance: 132.60 / 136.00 / 140.00
Support: 129.00 / 126.00 / 124.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
USDJPY fundamental analysis: Is the yen out of the woods now?The Japanese yen rose to 133 against the dollar ( USD/JPY ), recovering from its 24-year lows.
Short-term tailwinds are supporting the yen as the market has repriced Fed interest rate risks to the downside and has already priced in a rate cut in the first half of 2023. The yen is currently doing well in its traditional role as a recession hedge, with the US economy in a “technical recession” and the need to maintain growth “below potential” for a while in order to rebalance supply and demand. The yen has also recently received fresh support after Bank of Japan Deputy Governor Masayoshi Amamiya acknowledged that the BoJ should start considering the tools for ending ultra-loose monetary policy, even though the actual shift will not take place soon.
USD/JPY vs US/Japan 2-year spread
Treasury yields are falling, providing some relief to the rate differential between the United States and Japan, which has been the primary driver of the yen’s depreciation this year.
The 2-year yield spread between the United States and Japan has narrowed to around 300 basis points (or 3pp), as the US 2-year yield fell to 2.87 percent, while the Japan 2-year yield remained negative at -0.1 percent.
Despite this short-term narrowing of the US/Japan rate spread, the monetary-policy gap between the Fed and the BoJ still remains well in place, which may prevent the yen from strengthening too much against the dollar, unless some major catalysts occur.
What could push USD/JPY below 130?
The first refers to disappointing US employment and economic data, which would support an economic slowdown. If this is coupled with easing inflationary pressures, it would strengthen market expectations of a Fed’s policy U-turn in early 2023, pushing the 2-year US/Japan differential to 2.5 percent or slightly below. This level is consistent with a USD/JPY pair in the 128-130 range.
The second factor that could support the yen’s resurgence is Japan’s rising inflation rate, which, despite remaining relatively low, has risen for 10 consecutive months, exerting pressure on the Bank of Japan to change its monetary policy.
Bottom line: short-term relief, but medium-term doubts
In general, the macro picture may be tilting in favour of the yen, at least in the short term, but the downside risks, in the medium term, are not over.
The Fed has already stated that the Q2 GDP figures should be taken with “a grain of salt” because the labour market remains very solid and tight for an economy in recession.
There will still be two inflation prints in the United States between now and the September 21 FOMC meeting. Despite the fact that the United States was already in a de facto recession in the first half of the year, inflation has continued to rise.
As a result, it will be remarkably difficult to bring inflation down quickly, implying that the Fed must maintain a hawkish stance for the months to come.
Analysis by Capital.com's forex and metals analyst Piero Cingari
USDJPY Posted a Bearish Outside candle on the Weekly chartUSDJPY - Intraday - We look to Sell at 137.29 (stop at 137.99)
Posted a Bearish Outside candle on the Weekly chart. This is negative for sentiment and the downtrend has potential to return. A firmer opening is expected to challenge bearish resolve. Resistance is located at 137.33 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 135.52 and 135.00
Resistance: 137.33 / 139.30 / 145.00
Support: 135.50 / 132.00 / 126.70
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Dip buying offers good risk/reward on USDJPYUSDJPY - Intraday - We look to Buy at 137.53 (stop at 136.50)
A sequence of weekly higher highs and lows has been posted. We can see no technical reason for a change of trend. There is scope for mild selling at the open but losses should be limited. Support is located at 137.50 and should stem dips to this area. Dip buying offers good risk/reward.
Our profit targets will be 139.96 and 140.50
Resistance: 140.00 / 145.00 / 150.00
Support: 137.50 / 134.40 / 126.70
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Dip buying opportunity on USDJPYUSDJPY - Intraday - We look to Buy at 136.36 (stop at 135.96)
The primary trend remains bullish. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. A lower correction is expected. A Fibonacci confluence area is located at 136.33. Preferred trade is to buy on dips.
Our profit targets will be 137.27 and 138.00
Resistance: 140.00 / 145.00 / 150.00
Support: 136.20 / 134.30 / 126.70
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
USDJPY in a bearish divergence pattern: eyes on 134.5 supportThe USD/JPY daily chart shows a bearish divergence pattern as prices surged to new 20-year highs this week, while the relative strength index (14-day RSI) declined significantly from overbought levels.
The Moving Average Convergence Divergence (MACD) is nearing a bearish crossover, as the MACD line (blue line) is sloping lower and may intersect the signal line (orange line) from above. The focus is now on the 134.5 support level, which if violated might result in further USD/JPY drops.
The dollar-yen exchange rate fell below 135 levels at 14:15 UTC, down by 0.9% on the day. Year to date, the yen has lost 17% of its relative value to the dollar.
In the fundamental picture, the need to control inflation through aggressive hikes in interest rates is the main factor causing concerns about an impending recession in the U.S..
Fed futures are now pricing rates at 3.5 percent by the end of the year, while the yield on the US 2-year Treasury note has dropped below 3%, down from 3.5 percent last week. It is a sign that the market has not lifted its expectations for interest rates following Powell's speech yesterday, and instead perceives the possibility of a Fed that will halt rate hikes in the case of a recession.
There is no surprise from the Bank of Japan, and in the short term, we shouldn't expect a big shift toward more restrictive policies. But some former policymakers, like Takehiko Nakao, a former head of foreign exchange policy at the Finance Ministry, flagged that an extremely weak yen is negative for the Japanese economy.
Traders are now waiting for the publication of the June US PMIs. The manufacturing PMI is predicted to fall to 56.5 from 57 in May, while the survey for the service sector is expected to rise to 53.5 from 53.4 in May.
Read more...
Joe Gun2Head Trade - Yen emerging as a safehaven? (Finally!)Trade Idea: Yen emerging as a safehaven? (Finally!)
Reasoning: Broken down from a range, targeting lower prices.
Entry Level: 128.69
Take Profit Level: 125.97
Stop Loss: 129.39
Risk/Reward: 3.89:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Calling a top on USDJPYTrade Idea: Calling a top on USDJPY
Reasoning: Price action stalling?
Entry Level: 129.95
Take Profit Level: 128.62
Stop Loss: 130.52
Risk/Reward: 2.35:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.