UJ buy back 106.850 by WED JUL29 then DROP back to 105.8 JUL31
huge sell off pressure for UJ last week.
Saw some GREAT strides by the YEN to surpass that 93.7 level on JXY. Jump to 94.6 makes it overbought ATM hence why I like UJ to buy back up to the 106.85 levels
DXY also hit my 94.64 COVID breakout level and is striving to retest such if not 95.20ish.
These are my 2 confirmations as well as an end of the month buy push by DXY to create some trust in market sentiment.
news Thursday (Unemployment) for JPY
news Friday (Consumer Confidence) for JPY
I believe this will be a early week move then a redrop back to 105.8 by JULY 31
Saw some GREAT strides by the YEN to surpass that 93.7 level on JXY. Jump to 94.6 makes it overbought ATM hence why I like UJ to buy back up to the 106.85 levels
DXY also hit my 94.64 COVID breakout level and is striving to retest such if not 95.20ish.
These are my 2 confirmations as well as an end of the month buy push by DXY to create some trust in market sentiment.
news Thursday (Unemployment) for JPY
news Friday (Consumer Confidence) for JPY
I believe this will be a early week move then a redrop back to 105.8 by JULY 31
overall incorrect trade = LOSS.