Over the past few days, USDJPY has reached a new high, reflecting ongoing strength in the dollar amid recent economic data releases. However, a closer examination of the 1-hour timeframe indicates a lack of further upside potential.
Key observations include:
Technical Indicators: Momentum indicators suggest overbought conditions, signaling that a correction may be on the horizon.
Fibonacci Levels: A retracement of up to 50% seems plausible, aligning with historical support levels.
Economic Calendar: Upcoming economic events, including U.S. job reports and inflation data, could add volatility. Traders should stay alert for potential impacts on USDJPY.
Quick reminder: Always ensure proper risk management when trading.
Key observations include:
Technical Indicators: Momentum indicators suggest overbought conditions, signaling that a correction may be on the horizon.
Fibonacci Levels: A retracement of up to 50% seems plausible, aligning with historical support levels.
Economic Calendar: Upcoming economic events, including U.S. job reports and inflation data, could add volatility. Traders should stay alert for potential impacts on USDJPY.
Quick reminder: Always ensure proper risk management when trading.
Trade fermée: ordre d’arrêt atteint
Positive news about the US employment and labor report goes against this trade.
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.