USD/JPY potential short

11 Kas 2020

The USD gained strength due to Covid news which caused XAU/USD to drop and USD/JPY to rocket. This news related push has yet to see a retracement due to the fact that the USD was supposed to gain strength. JPY is being bought according to the COT report and the USD should be getting weaker post this election push due to the volatility caused by the two candidates parties vastly different views on how to handle the economy during the next presidential term. It definitely could push up if it breaks this level, but I expect it to drop and retest or even return to weekly lows. This is just a conservative TP for my personal use but feel free to look at the idea. Here in the United States we have been printing money for the longest amount of time to keep the economy afloat, but with XAU/USD, EUR/USD, GBP/USD expected to gain strength I wouldn't bet the house on the dollar rising up too far just yet.

13 Kas 2020

İşlem aktif

Closing partials before the week ends

17 Kas 2020

İşlem kapandı: hedefe ulaştı

TP HIT