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

分析市場概況DOLLAR 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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Screenshot (44)
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モリス・ジェイコブ・ワウェル・ギスク65
モリス・ジェイコブ・ワウェル・ギスク65
I have 3 years of experience in forex and crypto trading, having worked with Moneta markets forex broker, BITMARKET cryptocurrency broker and currently working with HFM as an introducing broker. Day trading sits well with me since I find it more lucrative and obeys my trading strategy. I trade during the London and New York sessions pair USDJPY, EURUSD, and AUDUSD. linkedin.com/in/morris-jacob-90911817a
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