IS SELLING USD/JPY A GOOD MOVE ??
TECHNICALS
Well to begin we have seen market peck last week at the price of 114.712 and since then bears have been in control not allowing the bulls to break the trend line
however, bulls may now have a chance to do just so as we have come to a support zone on the 4 hour timeframe.
if there is a bullish move forming we will wait for pull back to support then buy.
if there is a bearish break out we will start selling between 113.265 and 113.270. So in short this will be a waiting game
FUNDAMENTALS TO LOOK OUT FOR
MONDAY, NOVEMBER 8
18:50
USD Fed's Evans speech
23:30
JPY Current Account n.s.a.(Sep)
TUESDAY, NOVEMBER 9
13:30
USD Producer Price Index ex Food & Energy (YoY)(Oct)
14:00
USD Fed's Chair Powell speech
16:35
USD Fed's Daly speech
MORE NEWS AVALIABLE ON FX STREET
Well to begin we have seen market peck last week at the price of 114.712 and since then bears have been in control not allowing the bulls to break the trend line
however, bulls may now have a chance to do just so as we have come to a support zone on the 4 hour timeframe.
if there is a bullish move forming we will wait for pull back to support then buy.
if there is a bearish break out we will start selling between 113.265 and 113.270. So in short this will be a waiting game
FUNDAMENTALS TO LOOK OUT FOR
MONDAY, NOVEMBER 8
18:50
USD Fed's Evans speech
23:30
JPY Current Account n.s.a.(Sep)
TUESDAY, NOVEMBER 9
13:30
USD Producer Price Index ex Food & Energy (YoY)(Oct)
14:00
USD Fed's Chair Powell speech
16:35
USD Fed's Daly speech
MORE NEWS AVALIABLE ON FX STREET
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