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Forex-usdjpy

USD/JPY (29/9/17) *Bull trend but small swing down possibleThe pairs look exhausted and the swing back may well on the way. Traders can look for a nice swing down. Just be careful that, we are still in for BULL trend. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
Short
by SonicDeejay
Yen Has More To Lose Two days ago USDJPY touched 1.5-month low at 109.92, and reversed the move right away, right now trading around 110.70. And all this happened despite rather dovish comments from Fed’s Bullard opposing to another rate hike before the year end. Now the market is focused on US data. Recently, we have seen some disappointments, and the Fed looked less hawkish than it was expected. And this was the reason the USD was falling. However, the labor data may help American currency. If number of new jobs exceeds 180K, it will be perceived positively. Andifwagesgrowthisabove 0.3%, itwilldriveUSDcrazy. Today we need to pay attention to Non-Manufacturing ISM, as it’s one of the best leading indicators of Non-Farm Payrolls results, given the fact that 70% of employed Americans work in service sector. If the numbers come up better than expected, USDJPY may target 111.00 followed by 111.70.
by HelenRush