Dollar-Yen Poised for Upward Movement Before Fed Decision

7월 28일

As we approach the Federal Reserve’s upcoming meeting this week, we anticipate potential short-term volatility and a possible rally in the U.S. dollar. Historically, periods leading up to significant interest rate decisions frequently experience heightened market turbulence, which can present lucrative trading opportunities.
Currently, I am focusing on the Dollar-Yen pair. The technical setup is particularly compelling, featuring a bullish harmonic pattern that suggests significant potential for upward movement. Additionally, I have identified an inverted head and shoulders pattern on the dollar index, and I am observing divergence signals to strengthen the validity of this trading setup.
These technical indicators collectively suggest that the dollar-yen may offer significant trading opportunities in the upcoming period. I am poised to capitalize on these developments as the Fed’s decision approaches.

DXY link below,