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Usd-jpy-buy

USDJPY Potential Downsides as we approach FOMCHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 133.8 zone, USDJPY is trading in a downtrend and extending pullbacks seems to be approaching the major trend around 133.8 Support and Resistance zone. Fundamentally the Market is expecting rates cut and fed pivot. more of a dovish Fomc gives us more of a weak Dollar and considering that JPY is considered a safe haven in this type of environment USDJPY shorts should be a perfect catch. Trade safe, Joe.
Short
by JoeChampion
24
USDJPY: are we targeting more highs with USD strength?Hey Traders, the last week USD data were all positive including NFP, Retails sales and other news as well which signal more pressure of rate hikes... we've noticed the last week that USD was outperforming major currencies but in Friday we had sort of a correction. how can we explain that? Simply just traders taking profits from their USD longs before market close in Friday and prior to US bank holiday in Monday. so if we notice some of a bullish price action around 134 align with good fundamentals we will think of taking this trade. otherwise of a breakout we will be monitoring other zones! Trade safe, Joe.
Long
by JoeChampion
19