hello,
i guess the doji on the UJ Daily really paid off...
the UJ is stuck in a range, but just bounced off a support...The other yen pairs have not begun their bullish run yet....
we have two possible scenarios,
1. USD strength continues, UJ goes up and the other yen pairs follow upwards......GU and EU all go down...USDCHf and usdcad go up..
2. Usd strength stops and UJ drops, the other yen pairs will follow suit...
The US monetary policy supports scenario 1.
the usd index is currently testing a resistance level, so i'ill wait for its reaction. I am inclined to go with scenario 1, but i am watching the AUD, i suspect it may soon start a bullish leg...remember when the Eu, GU were all dropping and the AU stayed up and continued strong? this supports scenario 1.
lets see how the USD reacts, we have some data releases coming up...happy piping.
i guess the doji on the UJ Daily really paid off...
the UJ is stuck in a range, but just bounced off a support...The other yen pairs have not begun their bullish run yet....
we have two possible scenarios,
1. USD strength continues, UJ goes up and the other yen pairs follow upwards......GU and EU all go down...USDCHf and usdcad go up..
2. Usd strength stops and UJ drops, the other yen pairs will follow suit...
The US monetary policy supports scenario 1.
the usd index is currently testing a resistance level, so i'ill wait for its reaction. I am inclined to go with scenario 1, but i am watching the AUD, i suspect it may soon start a bullish leg...remember when the Eu, GU were all dropping and the AU stayed up and continued strong? this supports scenario 1.
lets see how the USD reacts, we have some data releases coming up...happy piping.
It is possible to make large sums trading, small losses, large wins