$USDJPY | Buy Trade | Market Exec |
Technical Confluences:
- Price has been trying to consolidate at these prices
- Prices have bounced off the Interest Zone but will face Resistance Trendlines and interest zones above
Fundamental Confluences:
- Similarly, like the earlier
USDCHF post
- Market seems to have overdone their expectation of many rate cuts and based on how FED normally reacts, they are more reactive than pre-emptive.
- In that sense, the Jackson Hole event this Friday may disappoint markets if Powell sticks to his affirmation that Sept cut is highly likely but any other cuts will remain data-dependent (If I'm wrong, then we will cut it if it breaks the 2024 low)
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Taking on a short punt on the
USDJPY long trade before Jackson Hole event.
It will be a digital event trade. Make or break.
-----
- Price has been trying to consolidate at these prices
- Prices have bounced off the Interest Zone but will face Resistance Trendlines and interest zones above
Fundamental Confluences:
- Similarly, like the earlier
USDCHF post- Market seems to have overdone their expectation of many rate cuts and based on how FED normally reacts, they are more reactive than pre-emptive.
- In that sense, the Jackson Hole event this Friday may disappoint markets if Powell sticks to his affirmation that Sept cut is highly likely but any other cuts will remain data-dependent (If I'm wrong, then we will cut it if it breaks the 2024 low)
-----
Taking on a short punt on the
USDJPY long trade before Jackson Hole event.It will be a digital event trade. Make or break.
-----
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Publications connexes
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.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Publications connexes
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.