USDJPY to Test Support Zone

2020年5月20日

1. Price is heading down to support zone between 107.42 & 107.31.

2. Price expected to bounce off this support zone and heading to resistance zone of 108.095.

2020年5月21日

註釋

1. Price bounced off support zone successfully.

2. Price pulled back currently after bouncing off support, short term retracement.

2020年5月22日

交易結束：達到停損點

Stop reached at 107.620 due to volatility during FOMC member speaks and Fed's Powell says economic forecasts filled with uncertainty.

2020年5月22日

註釋

Price is consolidating & moving sideways between 107.766 & 107.619.

Consumer confidence and new home sales are scheduled for release on Friday. Home sales should be subdued, but a nice uptick in confidence for May could drive USD/JPY above 108.