Our trade relies on fundamental analysis, and technical analysis only serves as our entry point.
Currently, the US is undergoing a process of quantitative tightening. Today we have the FOMC meeting, expecting to result in a 25 basis point rate increase.
A rate increase of 50 basis points or continued rate hikes would be seen as a hawkish signal.
Most likely it will result as expected considering the data history , but we will keep an eye on FOMC Press Conference where we will see a high volatility and the deciding factor on where the prices will go.
Meanwhile, Japan is maintaining its monetary easing policy, and the new BOJ governor, Ueda, announced in a recent speech that they plan to slowly continue their yield curve control to support a healthy economy.
This has led us to take a long-term dovish stance on the JPY.
Shifting our focus to the technical analysis,
We are currently awaiting a retracement to the 61% Fibonacci level.
However, we should remain vigilant as there is a possibility that the price may break and reject till the 134.1 level.
RSI Upward divergence in the lower timeframes.
Currently, the US is undergoing a process of quantitative tightening. Today we have the FOMC meeting, expecting to result in a 25 basis point rate increase.
A rate increase of 50 basis points or continued rate hikes would be seen as a hawkish signal.
Most likely it will result as expected considering the data history , but we will keep an eye on FOMC Press Conference where we will see a high volatility and the deciding factor on where the prices will go.
Meanwhile, Japan is maintaining its monetary easing policy, and the new BOJ governor, Ueda, announced in a recent speech that they plan to slowly continue their yield curve control to support a healthy economy.
This has led us to take a long-term dovish stance on the JPY.
Shifting our focus to the technical analysis,
We are currently awaiting a retracement to the 61% Fibonacci level.
However, we should remain vigilant as there is a possibility that the price may break and reject till the 134.1 level.
RSI Upward divergence in the lower timeframes.
Not
buy limit has been activated Not
likely a trend rejection by a Doji candleNot
Daily Support zone still valid Not
Support and Trend rejection in the 4h timeframeNot
Double bottom's neckline has been broken. İşlem kapandı: durdurma seviyesi
Total Risk: 1%Total profit: -1%
Not
initial jobless claims data was worse than expectedNot
Still, i will be looking for a buy,I will be waiting for a rejection around this level.
Not
update on my new USDJPY position-today's NFP data came out better tan anticipated
-Powell speech was hawkish
which is good for the dollar
Not
update on the trade Not
update :Not
moved SLİşlem kapandı: hedefe ulaştı
hit TP, 5.03 RR
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.