elephantsinnternationalltd
uSDJPY: will bulls finally take the trend after 3 months of hard life: Fed release?
Screen capture by Calibre Markets Africa -MT5
After Fed's release history, a confirmational rout would open the door to downtrend resumption, placing the focus on the130.39 –131.73 support zone from August. Meanwhile, the falling trendline from October seems to be maintaining the near- term strike focus. Clearing above the ultimate may open the door to uptrend resumption.This, in turn, will help determine the coming leg of a directional move for the USD/ JPY brace. In the meantime, dealers on Thursday will take cues from the release of the usual Daily original Jobless Claims data from the US, due latterly during the early North American session. This, along with the US bond yields and the broader request threat sentiment, will be looked upon for short- term trading openings around the USD/ JPY brace.
USDJPY Rates by TradingView
calibremarkets.africa/index.php/2022/12/15/usdjpy-will-bu...
uSDJPY: will bulls finally take the trend after 3 months of hard life: Fed release?
Screen capture by Calibre Markets Africa -MT5
After Fed's release history, a confirmational rout would open the door to downtrend resumption, placing the focus on the130.39 –131.73 support zone from August. Meanwhile, the falling trendline from October seems to be maintaining the near- term strike focus. Clearing above the ultimate may open the door to uptrend resumption.This, in turn, will help determine the coming leg of a directional move for the USD/ JPY brace. In the meantime, dealers on Thursday will take cues from the release of the usual Daily original Jobless Claims data from the US, due latterly during the early North American session. This, along with the US bond yields and the broader request threat sentiment, will be looked upon for short- term trading openings around the USD/ JPY brace.
USDJPY Rates by TradingView
calibremarkets.africa/index.php/2022/12/15/usdjpy-will-bu...