USDJPY | Perspective for the new week | follow-up details
Japan’s core consumer price index (CPI) rose to a seven-year high, amidst rising fuel prices and a widening trade deficit to give the Greenback the leverage to thrive. In this video, I shared my technical opinion on my expectation this week as I look forward to retesting of the neckline @ 135.000 zone to join a potential rally.
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Giao dịch đang hoạt động:
The retracement into the neckline zone at 135.000 appears to have began
Giao dịch đang hoạt động:
Price tends towards the neckline at 135 zone as projected
Good morning
Good morning
Giao dịch đang hoạt động:
Price is back at the entry zone and I was able to identify a bearish trendline here - on the 1H timeframe. So, I expect to see rejection(s) of this line to add more positions. It is also worthy to put into consideration the Jackson Hole Symposium coming up in half an hour as we need to see how price reacts to this symposium.
Giao dịch đang hoạt động:
Price is back within the zone it started this week as bearish momentum appears to be stalling. Am I going to be stopped out? Time will tell
Good morning
Good morning
Đóng lệnh: dừng lỗ:
Trade smart. Trade consciously
Good morning