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DOLLAR DIPS TWO WEEKS IN A ROW AMID POSITIVE ECONOMIC NEWS | InvestmentBell

AnalyseAperçu du marchéDOLLAR DIPS TWO WEEKS IN A ROW AMID POSITIVE ECONOMIC NEWS

DOLLAR DIPS TWO WEEKS IN A ROW AMID POSITIVE ECONOMIC NEWS

USD has been cornered by other major currencies for a couple of days regardless of the USA’s improved economy. A sharp bearish trend for USDJPY has been formed since last week, pushing the pair below the 138.200 mark. Other major currencies paired with the dollar, have been on a steady uptrend against USD irrespective of their shrinking economies.

USDJPY has tried to regain its market muscles severally but it is encountering strong resistance at around the 138.800  mark.

MY OPINION: USDJPY’s bullish setup is yet to be formed so there is no need to rush and make buy a entry.

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MORRIS-JACOB-WAWERU-GITHUKU65
MORRIS-JACOB-WAWERU-GITHUKU65
J'ai 3 ans d'expérience dans le trading forex et crypto, ayant travaillé avec le courtier forex des marchés Moneta, le courtier en crypto-monnaie BITMARKET et travaillant actuellement avec HFM en tant que courtier introducteur. Le day trading me convient car je le trouve plus lucratif et obéit à ma stratégie de trading. Je négocie pendant les sessions de Londres et de New York la paire USDJPY, EURUSD et AUDUSD. linkedin.com/in/morris-jacob-90911817a
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