USDJPY (Neutral . Long)
Updated
Whats up Guys,
Most information can be found on the chart - In short, Im 80% sure this pair continues upward, but IM NOT PUTTING MY MONEY on it just yet.
Heres the facts -
Fundamentals are more important that the TA on this one (ATM IMO):
Major news breaking in US tomorrow (Inflation rate releases) - 830AM EST
Major JAP news GDP Releases tonight 750PM EST
Heres my final two satoshis:
Neutral JAP and Neutral US News - Im staying Bullish
Hawkish JAP Hawkish US - Im Staying Bullish
Dovish JAP Hawkish US - Im staying Bullish
Dovish JAP Dovish US - Im staying Bullish
Hawkish JAP Dovish US - Im a Bear
Most information can be found on the chart - In short, Im 80% sure this pair continues upward, but IM NOT PUTTING MY MONEY on it just yet.
Heres the facts -
- 5-6 month bull channel
Price has bounced off the lower level support of this Channel several times
Price has bounced off the upper level resistance of this channel several times
Price has bounced above the 50dMA several times
Fundamentals are more important that the TA on this one (ATM IMO):
Major news breaking in US tomorrow (Inflation rate releases) - 830AM EST
Major JAP news GDP Releases tonight 750PM EST
Heres my final two satoshis:
Neutral JAP and Neutral US News - Im staying Bullish
Hawkish JAP Hawkish US - Im Staying Bullish
Dovish JAP Hawkish US - Im staying Bullish
Dovish JAP Dovish US - Im staying Bullish
Hawkish JAP Dovish US - Im a Bear
Note
PS - My Two Satoshis Above are in reference to the upcoming news releasesTen Likes and I will update the chart
Intelligent disagreement welcome
Good Luck - See you on the trading floors
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